The options are issued to Otsana based in Perth WA which advised and managed Raya Group in an interim management position before the RTO . The managing director of Otsana Dr Brendan de Kaewa
was at the time a tempory director of Raya Group while carrying out the preperation and transition of the RTO. He was holding at the time 1.75 mill shares. I can not find any agreement where he may be legible to receive options at a later date but there may well be one there. Maybe and this is only a guess but just maybe they would use Otsana again if they were to carry out an aquisition , there is no doubt in my mind that Xped will be exploring all options they are very pro active.
Just find now the anticipation I held for Xped for so long as become more modest until new developments arise. No doubt it appears a SP in the 20s is more realistic as a very modest prediction compared with a Sp price that would be much larger if Xped obtained 15% of the IOT market in 2020 and a sp price in the 20s could be eclipsed by a new deal , however there will be many investors who would be happy even with the modest prediction as it stands.
Will continue have my ear to the wall with this company.
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Ann: Appendix 3B - exercise of options-XPE.AX, page-45
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