Why No Takeover??, page-71

So if Resolution 6 is adopted and Mr T converts all his options he will own 52.5% of Aspire. If then all the remaining 1.8c options are converted , diluting Mr T to below 51%, additional shares will be issued to Mr T .
But remember this only relates to this transaction because of the potential diluting effect these options will have if converted and is capped at the value of the remaining options.
Going forward forward this has no relevance to any future capital raisings.
Happy discuss further , i may also be misinterpreting.


IMO