"the Company has agreed to issue share OPTIONS to the investors...

"the Company has agreed to issue share OPTIONS to the investors at an exercise price of A$0.006
per ordinary share (this being the last price at which the Company’s shares traded on ASX). The loan
increase may be extinguished by the exercise of the share options."

How many OPTIONS do you get for $1.65M ????

333 Got its SHARES at $0.003

CG you have been talking with the compamny, any idea when shareholders will be called up to vote?

Lets hope the share options wont be issued at $0.00001

My theory from here
Bank is issued 165 Billion $0.006 Options valued at $0.00001 for the $1.65M it has lent.

Bank exercises 100 Billion $0.006 Options to raise $60M
$4M in outstanding creditors are settled and paid. $56M in outstanding loan interest and principal is repaid.

Assets are sold or farm in for cash, or bank sells shares to farm in company


Bank Exits its 99% shareholding, for around $20M

.
Directors avoid bankruptcy, which would trigger an investigation by the ASX and ASIC..