You could argue that with the share price now at .003c, for Iain...

You could argue that with the share price now at .003c, for Iain to convert his shares at .0089 he has a bit of work in front of him. As a shareholder I would prefer that he stumps up for his allocation as it would mean that we were either close to .0089c or exceeding it. The problem I have is the volume being offerred,
90million over 3 years. If he converted them all he would become the 5th largest shareholder in NWE, behind 4 other institutions. That was why I was dissapointed that the entitlement wasn't stepped and increasing over the term of 3 years, so that shareholders would benefit from an upward moving share price.