encouraging signs, page-52

PeaceAKKI,

In your analysis you forget to include that the company will receive just over $22m of cash from the conversion of the options (both DMNOA and DMNOC) if they are feasible for exercise in 2013 between March and May. That is a massive amount of money and if $60m fully diluted as per your calculations, then 33% of that will be cash. And for feasible exercise the heads only have to be at 1c - 1.1c, which only gives a $35m before cash from issue.

just my thoughts, please correct me if I'm wrong.DYOR