probably repeating myself but, page-5

Saracen you stated in part:-

"this is just a gamble that the management will actually do something"

that's right it's a gamble for us investors, but not so for management who's 1.5 cent options are well well well in the money

in my opinion management has done the wrong thing by the proposed issue of a significant number of options well in the money - don't have a problem with the options or the number being issued - do have a problem with the price of 1.5 cents being well below market - no gamble for them