ball up..., page-9

I didn't mean to leave it all bold!!

CD et al - If you owned 1 million unlisted options now
with a conversion of say 10c each - you could convert your million unlisted options into shares (giving the company 1 million by 10c - increasing money in bank) which, as the holder then of 1 million FULLY PAID shares, you would also qualify for this extra issue - so you could then purchase another 200,000 NEW options at 4c each - with this 15c conversion on them.

I'll go and check waht unlisted options are floating around - but as is normal practice, only fully paid shares qualify for these raisings - so any options already held MUST be converted to fully paid shares to participate.

They can of course not convert, and continue to hold their options until a later date - and THEN convert them.