Paterson's acceptance of $0.06 options works out to $480,000 (8m options if I recollect correctly)...that works out to a whopping 25% of the $2m raised.
Is that a case of "pay cash of $200k now or give options expiring in 10 months time?"
Can somebody please enlighten us.
Many thanks
Ann: Placement raises A$2 million, page-82
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