Ann: Investor Presentation, page-21

6% on funds raised is average.

But why did the company agree to a raise at such a discount for the asset but more importantly why did they allow such dilution on top of a 6% fee

The fee to raise was $120,000, fair enough, few clients need to be emailed and bit of back office stuff.

But the options handed out on paper are worth approx another 3/4 million off my back of envelope numbers

So essentially the company paid the corporate advisor $120,000 plus on paper $750,000 so nearly 1 mill to raise 2 million?