Looking at it from another angle from when the 25c options were...

Looking at it from another angle from when the 25c options were dished out we were moaning like hell about it because we didn't like who was getting them. In 2 months time they will expire (including mine) but it will improve the per share price because no one is going to redeem them at 25c, so that's 51 million options off the books. The last free issue of options puts back 55 million options but at 10c. Other options still on the books are 6 million expiring in Feb 2017. Another 1 million expired on 26 May 2014. There are not a lot of options around, the bulk of which came with the rights issue. Management got some of these as well if they brought into the rights issue so there are virtually no performance options around hence I can understand why they are setting up some new ones. I don't like it anymore than you guys as it means our investment dollars are sucker dollars by comparison. This is just my outlook so don't beat me up if I got some facts wrong MERV