company update

I was going to say in my last post that the company should release an announcement to clarify.

This is an excellent ann IMO, a level of openness and clarity I don't think I have seen in my nearly 2 years of following this company. Full details on the deals with HSBC, detailing the difference between cash held and cash available. Exec options issued, only of value to exec if it creates value for shareholders. Amazing.

I think DTE is positioning itself nicely to get maximum return from the UK assets near term and AUS assets long term.

As for the current options on issue, only 1.2M of them are in the money (1c to exercise, $12K worth), contributing only a fraction of a percent to dilution. If the others hit the money (40c) I for one will not be complaining!