Whilst reading the Co Report I realised that there is a big...

Whilst reading the Co Report I realised that there is a big incentive to get the options into the money.
Currently there are 594,394,120 shares being traded and 53,496,864 options @ 0.05 with the ex date of 31/12/2012 and a further 22,500,00 @ 0.060 with an ex date of 30/06/2013.

The ops due later this year will raise $2,674,843 if they are in the money which would give funding for at least a further 12 months and meanwhile the 22500000 ops will have raised $13500000 which will give a further 12 months of funding. These ops are held by 3 Directors and were a free issue.

There is a real incentive for the Board to get the SP up and over 0.06 and the Board are now well on the path but of course the big incentive is to get the 53m+ ops well and truly over the line before Dec 2012 to ensure there is no further CR.

With the testing programme commencing next month the timetable is looking very promising.

Go hard EMS

Kippax