This would have to be the cheapest options issue on the...

This would have to be the cheapest options issue on the boards...?

The non-renouncable rights issue of 1 right for each share held, is priced at .001c.

Each share applied for, comes with a free attached option with a strike price of .0015c per option, dated June 2009!

All up, after this has been completed, ICC will have the grand total of shares on issue (fully diluted) of...

7,314,389,536

That's 7.3 billion!

lol...the current trading price of .001c gives the company a current market cap of $7.3m...probably cheap?

At .002 however, they will be valued at $14.6m...probably dear?

The sadest thing...even after a 1:10 consolidation, they will still have some 731m shares on issue...but with an adjusted price of some 1c to result, at least they get all those additional fractions through which they can sell it back down to .001c again.

I think I will pass on this one?

Cheers!