Ann: Capital Raising , page-20

Well done, PickEm. That was well put. As an optionholder only myself, my initial reaction was to be a bit peeved about the last announcement. It's hard to see the bigger picture when one is losing money, but yes, you are right. Options are high risk/high reward and they don't often pay off, but one day, one day . . . (that's a reference to an old NZ TV advert that you Aussies won't get)
The exercise price of the new options seems pretty cheap though, at 10c v 25 for the old ones. And a 3 year term - hmmm, I could be tempted.
I bought my oppies when Catapult was still an exciting possibility, and the chance of a big return has not been great since that was given up.

I still reckon it's a well run company with a bright future.