underwriting agreement, page-34

Agree MrGann nice post,
In essence, it is an insurance policy to ensure all required capital is in place early next year for our plans. It may look odd at 29.5 cents now but remember we were 20 cents not long ago in a very fickle and volatile market.

The agreement is for the pick up of any options not exercised by option holders. They will pay 20 cents but receive a fee for entering the agreement to buy.