I particularly like the letter to option holders which says "If...

I particularly like the letter to option holders which says "If you wish to participate in the Entitlement Offer, you must exercise any options". Ummmm, with an exercise price of 1.5c and the stock almost certain to fall to 0.002, I think those millions of options can stay in the junk pile.

Every shareholder is no guaranteed to be able to buy almost limitless stock as 0.003 until the RI acceptance date passes, with the exception of a couple of people buying a few here and there to be entited to participate, why on earth would anybody buy on market while the offer is open ? May as well sit tight with you cash knowing that you can buy more at a fixed price if you want to but if they get cheaper on market then you chose that instead. Why commit your funds now ?

Like a couple of you guys said, they will need a damned good announcement to raise enough money from this offer just to cover the admin costs of running the offer. I massively oversubscribed to the last offer to to my bit to give them a chance thus the shed is full of worthless options (and shares). At this point there is zero incentive to take up this offer. They had better do somethign to change that or the outcome will be short and sharp.

Almost looks like they don't want us to take it up.