aquenox float

A question lingering in my head some may like to comment on.

Assuming they would like the s/p to stay well above 10c so as to collect funds from the exercising of options due 31/12/07, would the float of aquenox before that date reduce the value of cnn to a degree it may threaten this strategy?

In other words may the float be furthur away than we think, maybe 2008?

Comments appreciated.

Slew