Ann: Proposed issue of securities - EIQ, page-4

And it is done in daylight too. I worked out that last year something like 60% of the close to 200 ASX announcements they released had to do with scrip, mostly involving insider transactions. If this technology comes good a few of them will make an absolute bomb. If I did not think the alarm bells keep ringing here I would have more exposure to it as I think the underlying product may have merit and substance.

This time around the reason given is: "Options are proposed to be issued for consulting and advisor services in lieu of cash." Advisors, yeah right.

Here is some info on oppies from the annual report. Shares on issue are 431m so the number of options, both in the money and out, are quite material.