$500k options

The relisting will be very interesting indeed

You must give them credit for their tenacity

Am I reading that correctly, that the directors converted $500,000 worth of options at now well over a 40% premium ?

Unfortunately computer won't bring up any .pdfs so I can't check if it was just 1 lot or 2.

If true, then whether it was the directors or their investors, they still managed to raise the funds and at a substantial premium. This is more than most ASX listed companies can do, most struggle to raise capital at a substantial discount !

This in itself is why I have confidence they can get the shareprice heading in the right direction again. If they have the capacity to inject $500k well above market, then I assume they have the same capacity to arrange on market buyers to the same amount.

With this issued now resolved, and likely the ASIC issue will be as well, things are looking better. Would not be surprised to see this pop above 2c on relisting.