Ann: Placement and Non-Renounceable Entitlement Offer-ZYB.AX, page-4

So Pattos have managed to become "existing share holders" effectively getting a double dip at cheap shares and get free options by taking up the prospectus entitlement for existing share holders, i may be way off mark here but does this not constitute insider trading.
in effect we have doubled our share registry before we get the offer so negates any value we would have got from it by opting in.
and if i am reading correctly fully diluted will will be 75 mil shy of a billion shares on issue when we finish.