Ann: Section 708A Notice, page-8

Getting a little old now.. since July they have converted 343,373,350 options at a total price of $1,685,989.00. Current market price for those shares @$0.021 is $4,598,151.83.

There are still 575,312,004 unquoted options available at those prices. With the total SOI being 2,645,979,391 this will be significantly diluted..

I can see that about half these options which are the ones exerciseable at $0.0077 are from the entitlement offer at the start of the year, where do the other half come from?

It's going to be a while until we flush out all these new shares and make our way up again.