CAP Raising Application, page-15

I can't see the options trading at all in the short term. I think the uptake of this offer is now down to the short term price of I/O. If it can stay in the 60's or high 50's for the next 3 weeks then the SPO will get fully subscribed. If IO takes another dive I think they may struggle for full uptake. As an existing shareholder I will wait until early June to make my mind up, I also think the offer is an extremely sh*t one for existing shareholders.