Ann: Anteris to Present at Cantor Healthcare Conference, page-22

And to add, those that havent converted, are, as you suggested selling the heads and keeping the options, thereby both getting ready for the next raise and/or keeping some funds spare for other things.
I would like to see a placement to a small number of overseas funds only (no options), in the next raise, that to me would stop some of this constant bleeding, (most likely from Evolution clients) from the last 2 capital raisings.
If this is in fact what they are thinking, then the October EFS presentations are becoming more important by the day.