Just to set everyone`s mind at rest. There is no conspiracy re the underwriting and Gus isn`t involved in the CR other than the opportunity to take up his entitlement in the rts issue along with the other Directors. Unlike other CRs that have been done shareholders have the opportunity to participate (something that a few here have been wanting) at what will probably be a cheap price given the prospects for OIL in the next couple of months. Instead of "tilting at windmills" we should be focusing on two things.
1 Near term sales to MR Solutions
2 The progressing of the Zeiss collaboration and what this comment will entail.
"Optiscan is in continuing discussions with Carl Zeiss in relation to enhancing the commercial arrangements between the parties. Such discussions are likely to reach a conclusion in the September quarter."
As for Jeremy Baldock, he is a friend of OIL and shareholder and is motivated by the OIL story and his want for it to succeed. It seems to me his only reward if the issue is fully or nearly fully subscribed is 3m out of the money options @ 10c. That in itself shows confidence in the Optiscan future.
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