Ann: Becoming a substantial holder, page-8

You're correct that 2.4c is the optimal number.

My point about the 2.3c call was to highlight that it's the last fail-safe before a decision on the $5,000,000 funding of 250 million shares at 2c has to be made.

The 10-day average might even allow MJ Ratta to exercise at 2.6 - 2.7c, making the deal even more lucrative.


This is the point where Ratta gets substantial value for their investment, potentially higher than the 10-day VWAP.

Until a decision is made, I believe the stock will be held down.

I’m convinced the churn we've observed is due to MJ Ratta selling to WMA Holdings FZCO, which explains why they've managed to control the stock at these levels.

The $5,000,000 option to buy is, in my view, the crucial factor here.