this underwritten crap is what ultimately destroys these registries. This lot now get just how many shares to completely do as they please to f... us retail investors right up the clacker.
The reality is that these issued options were seriously structured as the dumbest thing imaginable. Its like declaring a capital raise for 15% of your registry years in advance and in this instance at a ridiculously cheap offer.
I do feel sorry for the larger oppie holders because you would have lost a tremendous amount of $. Daws has lost literally millions out of this schmozzle.
Ann: Change of Director's Interest Notice x2, page-44
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