Ann: $2.6m Placement and Loyalty Option Offer, page-34

Thank you for pointing this out. This is where I get annoyed at how existing shareholders are continually shafted when there are capitiol raisings. Honestly why could they not just issue loyalty options to shareholders registered as of Monday 1st of May with an exercise price at 3cents. This would have been the same price paid for new shares allocated. At least they would have been seen as looking after their loyal shareholders. Looking at the SP today there isn't much appetite for the carrot of unlisted loyalty options at .005cents. Another thing why make the options unlisted, at least give the existing shareholders some value by allowing them the opportunity to trade them on the market. I will be pretty p..off if they consider another CR before the 12 months is up.