The staged consideration and the study milestone consideration...

The staged consideration and the study milestone consideration clearly state the shares for each of these subsequent amounts will be issued on the five day VWAP before said time.

So next share consideration to be issued will be in a year at what should be a considerably higher share price. Dependent on results future share consideration could be barely dilutive. Really think it's a very favourable deal structure.

Guess they have to include the full amount of shares at current 1c SP for ASX disclosure purposes but doesn't mean anything other than an initial disclosure.