I respectfully somewhat disagree. I think whilst on an absolute...

I respectfully somewhat disagree. I think whilst on an absolute basis it would be best for us to take 22c rather than 24c for example I think we aren't comparing apple to apple.

On the one hand it is clear that the 24c to 22c means 2c.

The benefits of taking up the entitlement are two-pronged.

Less capital employed today for more shares.
Taking the $10,000 initial investment
10,000 @ 24c = 41,666 + 20,833 Options
10,000 @ 22c = 45,454

Firstly, there are many sound science and trials out there and yet we still do need to complete the trial. (For the record, I am confident).

Second, for the same capital today we are entitled to more shares down the track where results/price are LOCKED IN for the same buck today.

Additionally, in the meantime you have a win-win choice of:
- that extra capital can be employed elsewhere
- purchase options when returns are sure

Enough said