So anybody who holds or buys before the record date will receive...

So anybody who holds or buys before the record date will receive free options which can be exercised at 35c. That means they can be sold between 12 August and 15 October for whatever price they will be traded for. Whatever the price the options can be sold in that time frame, will be the profit!

I am not sure why is the record date set on 10 of August? I guess they are trying to bring in more shareholders? That bit I do not understand nor do I pretend to.

On one hand, if all options are exercised it will dilute the SP by 10% on the other, it will bring in extra capital.

Correct me if I am wrong.