15,000,000 options with an exercise price of $0.50 were issued to Macquarie bank in relation to the $50 million debt facility, these options are due to expire on the 30 Sep 2016. Meaning, 7.5 million dollars of cash in hand for Macquarie bank will be flushed down the toilet. I personally doubt that conspiracy theories be raised when the writing of loss prevention (lower average) may have been required.
Knowing that the 15,000,000 options with an exercise price of $0.50 where not to have been achieved during September 2015 due to inactivity and other mitigating circumstance, a round the table deal was made between central and their bankers (Macquarie bank) which included significant options having been granted to Big Mac for maturity in 2017.
It is assumed that the target date for those options to be vested prior to options expiry date are indeed very achievable.
CoM off for a Big Mac (hunger mode)
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