Ann: Appendix 2A & s708 notice (exercise of options), page-2

hmm, now that is interesting. The company issuing another 1M.

Exercise of 500,000 unlisted options at 8c per option raising $40,000 for the Company
Exercise of 500,000 unlisted options at 12c per option raising $60,000 for the Company

*ASX security code and description *Total number of +securities on issue
Performance Rights Dr Mollard, expiry 30/4/22 <> 2,000,000 - not yet
Performance Rights Dr Mollard, expiry 31/10/22 <> 2,000,000 - not yet
Unlisted options, ex 8c, expiry 31/12/20 <> 4,350,000 (- 500,000 now exercised)
Unlisted options, ex 12c, expiry 31/1/22 <> 6,500,000 ( - 500,000 exercised)
Unlisted options, ex 15c, expiry 30/6/22 <> 250,000 (0 exercised)

Hmm, people getting in now. Maybe some fast cash for the company - yep

BUT, why buy in early ?... because there is going to be a HUGE windfall soon and they will have that in the bank before this gets real and things go bat shit crazy busy. If they wait, then management would make em wait until the expiry so no access to early cash.
Or, maybe JP are a bit cash strapped and this is a quick buck. Dah, i like the first explanation better on a Friday night.

(From @tandax )

1. The 500,000 with exercise price of 0.15 belongs to JP equity.
2. It turns out Dr Mollard’s 10,125,000 options have unfortunately expired on 31/3/20. From 2018 annual report.
3. The 10 million options @0.12c belongs to more corporate advisors aka brokers. From Appendix 3B dated 4/3/18
4. The 5 million options @0.08c belongs to Directors including ex directors and key personnel management.


Happy adreamer