It wasn't this tory that caught my eye, but rather the issue of...

It wasn't this tory that caught my eye, but rather the issue of performance options.

No fanfare but I think its a great deal. As long as you own shares by COB tomorrow 19th, you will receive 1 X free 25c option for every two shares held.

The trick is that you must hold your shares right through to the option allocation in February, otherwise you don't get them. That ensures that people don't buy to get the option and then sell their shares. Brilliant strategy.
Assuming the shares are worth 25 cents by Feb, the company will pick up $7m of 'free' money to add to its bank chest. The market loved the deal and bid strongly on the open.