hi extralitei suppose the main reason for the co. issuing...

hi extralite
i suppose the main reason for the co. issuing options
is that when the options are exercised in 2006 they will suck in $15 million to their coffers.
the free bonus offer is some reward for shareholders
as the share price rises the option starting off with maybe a little time value, may increase in real value if they keep announcing $1.4 mroundillion profit each quarter.
the share price has been rising anything from 1c to 2c
each time they announce quarterly results, so give them say 4 quarters and the share price may be up around the 15c to 17c mark in a year, maybe 20c
that would give the option some value and in that way its a "gift" to those shareholders locked in by 10.5.04
so the shareholders get "something" and the company gets $15 million, seems a cunning plan to me.
in the mean time ASC may be looking at companies like
DPL