issue of options to consultant, page-54

RB, if the consultant was paid $2.2M in cash by Unilife and then bought the equvalent in options in the company, isnt the effect the same as the company issuing options valued at $2.2M to the constultant in lieu of cash?

The difference is Unilife doesn't have to find the cash when they issue their own options - they are in effect printing Unilife dollars.

I am not trying to defend whether the consultant should be paid such a large amount -- We have to trust the company management know what they are doing with the company assets in carrying out the business of the company -- What I am trying to clear up is the confusion between present value and future value exhibited by some posts on this thread.

Serrata