MNS - Where does the SP go from here?, page-7

I think the increase in shares on issue will surprise some people. The options, which may be underwritten at under 10cps, will increase the shares on issue by about 100m.

Many people do not look deeper than sp, soi and mcap. For this reason, I think there will be some short term pressure on the shareprice as the published, undiluted mcap begins to raise.