share price, page-81

I just looked over your ESI Annual report and copied a few points I thought were interesting for potential shareholders.

Reconciliation of Consolidated share movements No of shares

Balance at 30 June 2011 784,693,458
Balance at 30 June 2012 1,571,593,752

Unlisted ordinary
options 20,000,000 $0.05 14/12/2014
ESIO 831,760,303 $0.02 16/01/2014

The last financial year has seen the number of shares double?
over 800 MILLION oppies at 2 cents may get exercised which will bring the number of shares to about 2.3 billion?
3494 shareholders

I know its all about MC but knowing there are so many oppies at 2 cents can't be good for the SP?

Looks to me like another SPP could be around the corner if funding isnt sorted soon?

just a few observations, please don't shoot the messenger...spec stocks can be risky but this is HUGE dilution...

excuse spelling