##(source: Jan Appendix 3B)##
There were:
142,124,699 quoted securities on issue.
16,217,755 restricted securities (escrowed, released on 20-6-05 but no appendix 3B yet issued).
7,595,000 options in the money. (converted 15-6-05 but appendix 3B issued for only 2,275,000.........i.e. 7,595,000 - 2,275,000 = 5,320,000 still left on the register even though they state that these options were converted to raise $1.4 million, so appendix 3B is still pending for 5,320,000 shares)
total = 165,937,454 ordinary shares. (plus 5 million shares issued on 31st of January 2005 which brings the total to 171,391,999 shares when they lodge their next appendix 3B)
PLUS
2,550,000 options 20c exp 30-6-06
1,583,336 options 60c exp 30-11-05 (should expire worthless).
10,225,000 options 25c exp 13-11-06
10,575,000 options 35c exp 23-11-07
1,500,000 options 25c 24-12-07 (can not excise until 24-5-05)
Total =26,433,336
PLUS
3,135,544 options out of the money (expired worthless)
You'll note that the amounts of 33,334 & 3,102,210 have since been removed from the register on 30th of June 2005.
NOTE:Announcement 17-dec 2004
in column 3 it says:
(((Each option to acquire one fully paid share by
payment of 35 cents per share at ""any time"" up to 23 November 2007.)))
What this means is if the price does manage to get over 35 Cents a further 10 million shares will be converted.
Plus their are a further 12 million options floating around the 20-25 cent mark that can also be converted NOW.
So the bottom line is this:
3 weeks ago there were 142 million shares on issue.
When the next appendix 3B is issued there will be 171 million shares on issue.
It is extremely possible a further 23 million options will converted, bringing the total number of shares to 194 million shares = an extra 52 million share on issue or at todays prices a further $14.5 million added to the market cap.
All this talk about the share price going to $1 would effectively increase the market cap to $194 million.
BQT
bqt solutions limited
