I think that you are reading the notice incorrectly. The underwriters do not have to take up any options above the 60 million that they have underwritten. They may take up more if they wish, but I would doubt that they would if the share price is below 10 cents.
Ann: Appendix 3B Options Exercised and Cleansing Notice, page-27
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Mkt cap ! $13.75M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $10.01K | 1.112M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 624224 | 0.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2813630 | 8 |
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