writer, let's hope some good news comes through before the cutoff for applications. (see lancelot, many would feel like this).
Maybe the company is listening a bit I guess, perhaps even reads hc? see previous post
"However, it remains to be seen whether many of the long suffering browbeaten long term holders will take the issues up. IMO, the board should have made the options more attractive, something like 2 or 3 options per share to provide a higehr incentive to participate. Maybe they are quietly confident that one or two of the larger holders are going to take up their entitlements anyway?"
.... or maybe not?
Apart from the increased options, some good news to lift the sp to or over .011 would I think nail a full takeup of applications. One of the problems for many holders is that they either don't have or don't want to put any more money in, but if the sp lifts I reckon there would be plenty of oversubscriptions. The parties putting a stopper on the price at .009/.01 seem to have relented a bit or sold most of them now so perhaps there is a chance that the price can get up a little before applications are due to be paid. Let's hope so!
One good thing about having options at .015 is that it's not that much above the issue price of the new shares and there is thus an additional incentive for new share purchasers who will also have options to not dump their shares too soon - so that they can possibly make even more money within a reasonably short time by excercising their options.
It's a pity they didn't do something like this back in January, would have saved a lot of heartache I think!
The big thing is we really do need a bit of good news to make us feel a bit happier about this. So c'mon Dr Finnear!
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