Ann: Application for quotation of securities - TTM, page-12

There appears to be a considerable lack of research and analysis in your comments. The `26 options were a bonus if you took up the `25 options.At the time of the rights issue, the share price was under pressure. The structure of the options issue was an important part of ensuring that funds could be raised in a difficult market and also provide working capital in the future. It looks like their strategy is going to plan. You would now prefer the issue 100million shares at 35c when their trading at 59c..........that just makes no sense!! I`m glad your not running TTM.