http://www.asx.com.au/asxpdf/20120511/pdf/4266y8lx7jfwpw.pdf
3b notice 11/5/12
There were a total of 6.2 million options expiring 30/6/12 at 40 cents.
If the holders of these options have been selling, it is part of the answer to the pressure on the share price.
You can go back through all the announcements and find out who actually owns these options and when they were issued.
Bet they wish they exercised their options and sold a while back.
http://www.asx.com.au/asxpdf/20120511/pdf/4266y8lx7jfwpw.pdf3b...
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