Ann: Notice of General Meeting/Proxy Form, page-9

Good summary.

Thinking outside the box on this one a bit, perhaps the new options are given at a reasonably low strike price (easily achievable short term IMO) so TV2 can generate some working capital through the exercise of the oppies? Would come to ~$7m in the bank and this would be obviously preferable to another raise or note issued at these lows.

For that reason that i will be voting yes, everybody wins.

Not currently a option holder.