The other interesting aspect of this option tranche is that Jeff...

The other interesting aspect of this option tranche is that Jeff & Howard put in $50k combined into the original cap raise.

That would entitle them to exercise options in this tranche if they so desire.

(See asx ann from 21/12/18 ... https://www.asx.com.au/asxpdf/20181221/pdf/441g43j6vqdgrs.pdf )

This announcement also says there were no underwriting agreements in place (see p2).

(I'm not sure re underwriting rules post raise, but they did have to get shareholder approval at a later date for the 6 & 9 month oppies. Then they recently reached a shortfall underwriting agreement).

Furthermore - we're now 6 weeks away from the CNs hitting their conversion date - also at 0.011. So I'm wondering if the exercising/not exercising of these options by Jeff, might give a slight hint as to whether the CNs convert or not.

Whilst not much appears to be happening, maybe it is?