Ann: Application for quotation of securities - EIQ, page-6

Great narrative but very mediocre capital structure.
A legacy of the vehicle:

Date	Name	SOI	Options	Notes
Dec 2010	Sentosa Mining	32870000	2000000	IPO - issued to raise $ for exploration for 3 years without success
Jan 2014	Parmelia Resources	91207998	45711383	Changed name. Same management. Issued to raise $ for 2 years without success
Sep 2016	Veriluma	399104059	70297176	Change of management & business - Predictive Analytics (AI)
Sep 2017	Veriluma	771304799	20000000	Voluntary Administration DOA Grover/Formica/Canary Capital - capital raise
Jul 2019	Veriluma	77130479	2000000	Consolidation 10:1
Aug 2019	Veriluma	265300704	72000000	Capital raise at $0.03 (inc. 35000000 options $0.08 30/6/2023 recently exercised)
Dec 2019	Houston We Have	269257713	72000000	Name change to HWH
Mar 2021	Houston We Have	318500000	96000000	EchoIQ transaction
Dec 2021	EchoIQ	394332713	198175000	Strategic Transformation - EchoIQ transaction and name change to EIQ
Oct 2022	EchoIQ	453252876	126860000	Whitelock shares/options acquired off market
Note: Numbers include all securities quoted and unquoted at the time

The strategy to print so much paper has its consequences and will need to be very well managed to absorb the stale bulls from previous incarnations of the vehicle.
The main culprits are now the May 2024 $0.05 options (45000000) from the 2019 $0.03 raise...
Recent raises at $0.15, directors exercising options at $0.15 entry and today's confirmation that all the $0.08 20/6/2023 options have been exercised is positive.
Recent price/volume action suggests management are on top of the register.