Ann: Change of Director's Interest Notice, page-14

Sorry I'll make just this SECOND post as my last post today .....and probably the only one until Monday morning market opening.

The important thing to contemplate here is that the move by Crawford's is not only extremely clever ....but also extremely conservative .

And I say this because . Let's assume he bought these 3,155,000 at the rounded CXXT trade through his broker at 19.25 cents for ease of straight up calculation. And probably the additional amount is just his brokerage costs added in anyway.

So lets say in the worst case scenario where he converts his 20 million unlisted Directors 15.0 cent options and then before he can dispose of 20 million , the price retreats back to 15.0 cents or ' Break Even ' .

So even if he were to then sell at some stage his 3,155,000 19.25 cent purchased shares at 15.0 ( ie for a loss ) , his losses on that would be $134,087.50 .

But this would be against the sale of his combined 893,895 OC's & OD's converted at an average cost price of 2.65 cents per share . So if he were to also sell these at 15.0 cents , his profit would be $110,396 which is a difference in losses over gains of $23,695.25 ....or virtually ONLY what he originally invested in converting the Options in the first place.

Alternatively , and if his recent purchase at 19.25 cents proves to be the correct valuation when or if he was to SELL all of these holdings including his converted 20 million 15.0 unlisted director options , he stands to return a TOTAL profit in excess of his total capital invested of almost a million bucks at $998,387 .....and which far exceeds this combined total in this notice of working capital being provided of $632,774.

And it is further conservative because when you add in the working capital provided from the assumed conversion of his 20 million 15.0 cents options , this return of near a million dollars of profit is only around a 27.5% margin on total capital provided ( without accounting for his risk ) .

So the 19.25 cent price point he and or he and his broker would have calculated MUST be deemed at best conservative given ALL the risks .....and particularly his own risks on this particular transaction at this particular time.

And you can't tell me that he DIDN'T discuss his options and price points with his Broker when assessing this particular move. Maybe he did or maybe he didn't , but the reality is that he has ' finessed ' his total maximum risk based on the key Director Options pricing which will bring in a further $6 million in working capital as against the current price paid at the 19.25 cent level.

That's the way I see it anyway.