Ann: Full Option Exercise Underwriting, page-2

So if you were wondering why the price was being crushed this could be the answer, please by all means let me know if I'[m wrong
There are currently 1,920,854,428 Options on issue which remain unexercised, representing a
maximum underwriting amount of $5,762,563 (Underwritten Amount). As such, if no Options are
exercised prior to expiry, a maximum of 1,920,854,428 shortfall shares will be issued under the
Underwriting Agreement. Assuming the Underwriter does not acquire a relevant interest in any
additional shares, this would result in the Underwriter holding a relevant interest in a maximum of
2,324,345,428 shares, representing a voting power of 29.86% in the Company (assuming no other
shares are issued).