I have knocked off work (for now, back to work at 6pm, ugh) and re read the announcment. 6.5m Options to be issued to an unnamed Consultancy agent, with an excise price of 3.5c. That will cost whoever it is $227500 to cash in. I would love to know what was discussed to make payment in a potentially worthless security (a short dated option that is going to cost >$200k to actually convert) seem attractive. So whatever was deal or plan was discussed and services performed is in the eyes of the consultant worth more than $200k. How bullish is that? I also note that we are down to about 1m of those convertable notes left outstanding. I will be buying more soon and hopefully its the last chance I get at these levels...
Regards, OP.
SIX Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
