Ann: Notification regarding unquoted securities - FLC, page-5

I have to agree with you. The ex price of 23c is the most attainable and realistic of all the previous option issuance I have ever seen since I have been invested in FLC three years' ago. Previous offers were aspirational and really not attainable. so I am not sure what they meant to be achieved. I really wonder how who in management decides on these ex prices anyway?

Knowing where the co is now fundamentally, I think these strike prices (of 23cts and 29cts) are now issued for conversion. That means, it really is meant to reward those staff who have been offered. For that to happen, the price must be above the exercise prices. Take it for what it is. Half empty or half full? I tend to lean on the positive side.