Qantum,company is aware of the placement option, ie to issue new...

Qantum,

company is aware of the placement option, ie to issue new options 1 for 1, and something for share holders 1 for x,

but it is something which is too early to act upon, until the heads have been given a chance to run, pending resolving current issues.

But, we all need to be prepared to bring this to serious attention, and action, i suggest, about 2m before expirey, esp if the heads have not been given a chance to put the options in the money.

It comes down to one simple arguemnt,
Unacceptable delay of activity, which has shackled the heads, and eroded the expirely life of the options.

People who bought the options, did so, before the shackles were put on, and it is one thing for the market in general to collapse, but another, in lou of the recovery that our peers, MRU, BMN, DYL have experienced, that we have not been availed to.

It is a sound argument, and in fairness, the options ought to be replaced, and it might be that we pay .1c at 1 for 1 to replace them, with a longer expirey, same strike price.

The shareholders need to vote to approve it, so they need a sweetener, so you allow them to also buy options same price, on a 1 for 4 etc, basis.

We have a great resource, and its about rewarding shareholders, and option holders, for their decision to buy into this company, even in troubled times.

cheers