re appendix options, page-2

Noobie, or newbie??

Regardless, someone was awarded those options prior as a bonus, or part of their work/employee reward. They were priced at .25, .20 etc, so the person had to pay RDM that amount to exercise the. Those options have now been converted to ordinary shares like yours and mine, worth whatever the market price.

Very important thing to take notice on any appendix 3b from any company is the total number of shares and options further down the notice. If you see 3 billion shares on issue, like Apex, then best to stay away, usually. The lower the number of issued shares means less dilution is they have to do a capital raising.