Ann: Appendix 4C - quarterly-XPE.AX, page-33

Jeezus - simply mind blowing how some of the earlier posts from people still think that having 1.5c options underwrite and dilution in return for the cash is smart business sense.

If they were struggling with cash then alternative consideration would be given (but in that case your investment thesis would be under threat)... but given how many already believe cash is adequate , and the share price is 7c, it's mind boggling how people are justifying 1.5c options.

The answer is simply No, mathematically and by any means and methods of quantitative finance is it justifiable given the cash reserves they should already have to keep them funded.