ICGOD Options, page-3

The 'issue' I have with options in general, is that as they near expiry date/conversion date, the heads price tends to be drawn towards the exercise price by sellers of heads who will convert but don't want more exposure than they already have. (we did see this already with IGCOB's, as a good example)

We have 2 series of options out there already, which, if all goes to plan, will be fully converted one way or another, with the second of them being the most significant - we need the heads price well above 20 (no problem IMO) to raise ~15mill overall.

I agree with christs23; lets look at the situation nearer the time. It may be that a simple CR, or rights issue at a much higher level would be better alternatives, or we may have disposed of some tenements for moon money (my preferred course!)

One thing in ICGOD's favour though, is the double entendre in the code