placement questions.

I just wonder why the neo negotiator couldn't convince AEGIS that they were worth paying more for.
If agreed to AEGIS will have 34mil cheap shares to play with.
Will 34mil shares be enough to play games with?
For example: AEGIS sell down before next option expiry date killing option conversions and therefore less dilution to AEGIS' remaing shares(if any) and options. After this neo moves on to become a much stronger company through revenue growth.
AEGIS convert at 6c at the end of 07 and take profit of over 20c a share.
Lets not forget that a no option conversion next year would also save the directors interests and our fpo's from dilution.
This is the worst case scenario I could conjure up(there are others) and is longer term bullish.

Any other ideas out there?