Ann: Operational Updates, page-14

From the most recent 2A:
ICI - Fully paid ordinary shares = 578,920,421
ICIOA – Options with an exercise price of $0.22, expiry date of 15 December 2022 = 45,532,143
ICIOB – Options with an exercise price of $0.025, expiry date of 31 December 2022 = 42,357,150

The ICIOB's are well in the money, so I would expect to see these being converted. Most recently 3.7m ICIOB's were converted and generated $92.5k for ICI.

Current unlisted options remaining are: 33,928,826
There was a total of 3,463,722 unlisted options converted in the 2A report mentioned above.

Does anyone have a record of why these unlisted options were given? Are they performance rights to the CEO or other staff or given as part of acquisitions or so?

I see these unlisted options & the ICIOB's being converted constantly until May-June where we're expecting our most notable announcements.

I've referred to it before, but another stock I am on was suppressed with options being converted at 4 - 6 cent range & once they were all converted it shot up to 10c and maintained it until its next leg up..

Either way, we have a company that is consistently meeting everything they have said they are going to do, and more. Competent board & a bright future here. Jeez 11c is cheap