Ann: TNG Announces Share Purchase Plan and Options Offer, page-89

Correct.

And unless they start coming out with some serious news to kick the SP upwards, they'll be lucky to get the $4m at this rate!

Exercise price of $0.20 expiring June 2018? You could argue that it hardly inspires optimism for the year ahead.

Having said that, the fact they're only looking for petty cash, which will last them until Q2 (?), indicates we're likely to see some action in Q1. Or, another CR is on the cards about then...

Not meaning to appear negative, but the SP was starting to gain traction. The timing of this sucks somewhat, as far as investors are concerned. But if they need the $, then so be it. They probably consider it good timing, going into the slow holiday period.

Note to self, MEGA PROJECT!