Ann: Appendix 3B New Issue Announcement , page-26

The spread between heads/oppies isnt always 1.5c...

below 10c example.. when heads were 5c, oppies at say 3.5 you could buy a whole heap more oppies... and have higher % gains when oppies caught up to heads in price (when price increased - and vice versa if price went down) and you had exposure to more shares.

You still do.. same principle applies however the leverage/exposure is reduced as the % difference between say 17c and 15.5c is less than the % difference between 5c and 3.5c