fortis may not be keen, page-9

from the quaterly.

"5,000,000 unlisted 45 cent staff options were issued with an expiry date of 31 December, 2009. A total of 7,000,000 unlisted 30 cent options with an expiry date of 18
September, 2012 and 1,500,000 unlisted 90 cent options with an expiry date of 14 November, 2011 were issued to the Company’s bankers as part of the terms of the
Company’s credit facilities.."

Why would these bankers think that a 90c option was worth the paper it was written on, if not for the belief, that they will be in the money.