interesting, page-5

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    re: profit upgrade - low pe They are due for some improvement but in addition to the 26m shares they have 12.6 m conv notes that convert 1:1 plus 1.7 m in the money ops and the when the notes are converted 1 opt at 45c? is given for every 2 notes. These extra shares will put a brake on how high the the share price can go.
 
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