GDA 1.75% 29.0¢ good drinks australia ltd

Ann: Proposed issue of securities - GDA, page-6

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    Correct me if I'm wrong, but we're not giving away shares worth 210k, rather options with an exercise price of 0.667. If the share price goes down it costs us nothing, if it goes up Jack benefits by the change in share price only, he still has to pay today's price. To me it seems like a better deal for us than him.
 
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