So, based on this announcement we are left with just under 55M option that were not converted.
At the beginning of October we were sitting at 107M so we have had about 52M option converted this month to expiration date.
That's 52M @ 4c = $2.1M revenue which should be included in the next quarterly. It's also a ~3% dilution to shareholdings. Total shares on issue not have hit almost 1.8 billion. I dare say there has to be a share consolidation sometime down the track - probably a 20:1 or at least 10:1
The $2.1M will be helpful.
Ann: Appendix 2A, page-6
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