Risk is the key here. Exercising options does nothing to...

Risk is the key here. Exercising options does nothing to minimise the risk right now. Key company personnel taking further part in capital raise does not reduce project risk right now. Large existing share holder taking part in capital raise does not reduce risk right now.

Take your own comments as proof. I get the impression you believe existing holders and management are a little deluded believing in Lindi so any further investment by existing retail holders, management or a large existing shareholder is just madness and would do nothing to convince you to invest in WKT so why would it make a difference to others? A so called show of confidence does not reduce risk.

Have you personally taken part in every single CR for every single company you have held, do hold and will hold? To suggest that directors or other large holders have not taken action to help raise cash and that is questionable some how is ludicrous. If this was the case you will need to place a red flag against nearly every small cap and junior company every listed and if the answer is no to the question above stick a red flag in you own ear and contemplate your investing rigour.