You got it half right. Only an idiot would take these up. Sure it is not much money, but has not a hope of being exercised. It is really just a con job, a way of extracting a bit more from the shareholder. It helps repay some loans,and will no doubt be extended in 2014.
The exercise price is high, so the gullible beleive that the Company is on track, to increase its share price ten-fold! Its cheap, and it will not dilute the shareholding. Great for shareholders who do not subscribe.
All IMHO. So do not let me influence any decision.
LCG Price at posting:
2.7¢ Sentiment: Sell Disclosure: Not Held
