Ann: Annual Report to Shareholders-ARE.AX, page-184

Let's be logical.

Only two types would buy into the options now.

Those that believe, in some kooky way, it'll be worth converting at 6c! come April...

or those that don't know what they've actually bought.

Let's infer it must be the first. A ten bagger in ten weeks? Um, let's get real!

Torrens action has to be at least 10months away at the bare minimum.

Also, there's more on offer regarding the options. If the buyer believed it was truly worth it, wouldn't they be gobbling up all those available?

It's a strange one. All imo.