Ann: Non-Renounceable Entitlement Offer Extension, page-15

Thanks , Drakemaster , for your reply the other day.
Certainly, if they cannot start making meaningful revenue with all the new distributorships recently announced, the future will not look good.
As to the options, they won't be exercised unless the SP is at least somewhat above the exercise price - probably at least mid 20's - well, that would be an improvement on 9.5¢.
Actually, OSX has had no trouble in the past in raising money from the "sophisticated and private investors"(is that what they say?). I am glad retail had a chance this time.