Ann: Change in substantial holding , page-3

Here's something I missed...AWD subscribed to 30m shares through the rights issue. This must have been an oversubscription, because he would have needed 120m shares in the first place to get this amount of entitlement.

Makes me feel more comfortable with my own subscription.

But I am not so happy with the current share price. Would so many people be prepared to sell at 0.8c when they bought at 1.0c? Does that mean the 3 options are worth 0.2c or more?