The options that were set between $1 and $3 would have been achievable if they did not stuff up the Australia Post relationship!
We were sitting around the 40cent mark (average) at the time and we all know how many lockers have been rolled out by AP since then.
Shareholders should not be further diluted (significant dilution occurred through losing that revenue!!!) because they could not get that deal finalised and were too busy launching other projects (ie: YBR) to the detriment and dilution of TZ shareholders.
conversion by qvt and 15 mil options to mb,kt, page-19
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Mkt cap ! $6.927M | |||
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