Ann: Exercise of Unlisted Options Fully Underwritten-MRD.AX, page-4

Excuse my ignorance, but given the company could have easily had the current price at 2.5c or more with some timely results, and therefore take up of the options by existing shareholders, why would you go down the path of paying a 6% premium and more importantly giving out another 100 million options at 3c that don't expire for 3 years. Can we assume the company doesn't place much value on its share price in 3 years time ? I am a loyal holder and believer in this company but exposing this future price perception to the market seems odd.