AH will pay on or before 14 December an inital agregarate price...

AH will pay on or before 14 December an inital agregarate price of $20,000 this leave a further $180,000 outstanding.

The options issued to AH will only be in the money above 15c, and only then will they be exercised.

I have not read/heard anywhere that AH have taken this case on a know win no fee basis. The do not appear to be ambulance chasers as demonstrated by previous clients, so I find this hard to fathom. More likely they have taken the case on "commercial" terms and the options are to get access to the upside they see in the company i.e. appreciating share price.

Clearly to commit to paying out $200,000 on options with an exercise price of 15c is a good sign. The compartive done between investing $6m in the bank of managed funds are useless, as AH has committed to paying $200,000.

Every 1c move above 15c equates to $400,000 in the money. I would suspect that they are anticipating considerable upside, to what that level may be is anyones guess.

Cheers

Clever1