48 million share dilution, page-2

Anyone who has taken up CHM shares as with any stock, should have done their own research to determine the total number of shares and options together with their exercise price on issue. If anyone wasn't aware that at relisting there were about 1B ordinary shares and 450M 0.4c options then they shouldn't be trading shares. As the the 0.4c have always been in the money shareholders would have accepted that they were effectively in play.

Additionally these options are in the hands of those players who but up capital for the relisting and exercising them to ensure CHM funding is available is in their best interests. There are still another 374M to convert which will give CHM $1.496M to get its day in court without seeking outside funding.

Anyone with any sense would have realized that any successful outcome for CHM was going to have to be distributed accross 1.5B shares and all analysis(RM Capital) have detailed that.

The people behind the relisting of CHM aren't after 4c and are aware that even 4c is not sustainable if they attempt to dump their stock as price and volume shrink very quickly on such a speculative stock. Pensonally, I would like to have all the 0.4c options converted now, see CHM set an new price level with all in play (and that maybe as low as 1.8c or lower) then let people take a position prior to CHM's day in court, which no matter now much MMX holder's try to deny it, is coming to your friendly Federal Court soon.