Ann: Arrowsmith North Environmental Approval Update, page-71

This announcement was the one I was referring to in a recent post
VRX directors sold some of their shares to Sparta for 30cents/share
the directors then exercised their unlisted options which were issued by VRX by paying
VRX 15 ( or maybe it was 18 cents per share ….my ageing memory !…to restore/ replace the shares they sold to Sparta at 30 cents.
The result, by exercising these options put revenue in the VRX account.

Going back I used to spend a lot of time analysing many companies balance sheets
It was never easy fleshing out their source/application of funds.
All companies made it difficult finding some things in their balance sheets
vrx was no different to any of the other companies
and a pox upon the asx for allowing this maze to persist in all other companies.

But they did receive the funds referred to from the exercise of these unlisted options.

These is options are separate from other listed options mentioned later which were exercised at lower prices.
……….
A slight diversion
In my old age I recently suddenly have developed vision problems and find it difficult reading balance sheets etc these days
Very frustrating, inconvenient …
‘but not life threatening.

A bit of irony
going way back I was chairman of Mirridong the association for the blind home in Bendigo
now “vision Australia”
they had a low vision clinic
now I am a potential client
LOL

cheers

bendigo