Champ - re terms i mean terms of the debt finance which they...

Champ - re terms i mean terms of the debt finance which they haven't disclosed and not the terms of the options. They say they are still finalising the financing terms but for CCC to come out and say we have $67m+ debt available, lenders don't just verbally agree "yeah i'll throw you a few dollars with a debt facility" they will negotiate the terms before signing anything and after that it is a fact not a hearsay verbal agreement which CCC have announced
If you look at previous debt facilities they have been convertible into equity which dilutes your holdings
As i posted above:

8/12/2009 Loan agreement 64m 999m
8/12/2009 Debt facility (convert) 117m 925m

So i bet you the new debt "syndicate" will be convertible debt
As Geo pointed out the fully diluted comes to around 2 billion, ok yes the share price has a long time to go before lots of the oppies holders would contemplate exercising them, but it just proves my point that the management are too trigger happy to just issue stock/options here and there willy nilly.
Look i've held the stock for almost 12 months now and it is an excellent story but my patience has basically run out