Ann: Race Completes On-Market Buy-Back Program, page-10

more of a forward thinking observation a stone in the hand is worth two in the bush. So the surplus SPP would have liked this to be retained I am sure it still could have been put to good use despite the programs being fully funded. The SBB on the other hand further eroded the cash - whilst it does save on dilution minority holders don’t feel it as much.

I would have preferred that options not have cashless exercise, this could have topped up funds. The reason on issues options is two fold, raise capital and incentivise above the strike price. It was only the later unfortunately.

R.I.P. SPP and SBB

He is me hoping that a deal is done before cashflow becomes an issue. Would be flithy Is cap raise to instos and soph mates are done at such bargain rates in the future as a result.