Ann: Appointment of Joint Company Secretary&notice of resignation, page-17

It's a good question. "What do they do". We know what they don't do.

Sellers continue to flow in. That 5.5c "wall" will want to hold, otherwise its down to 5c. The options price of 4.99c no longer carries the margin it once did hence why the option conversion has dried up. Even when the price was 15c, the rate of options conversion was dismal. The company used the cheap options to keep the cash in the bank.....thats dried up. They spent $3.8M in cash last qtr. Wonder what the cash spend has been this qtr. If cash burn rate is the same, that $8M in the bank end of last qtr is now $4.2M.

At the current rate of cash burn, the company would need to do a raise next qtr. The options no longer have the premium, so would presumably put the hand out to the market.....when the share price is around 5c?

Ouch

Keep an eye on the sellers at 5.5c today