Upcoming 4C estimations, page-94

Your post prompted me to check up on the options and your theory. Given my findings, I would have to disagree with your post.

No commercial entity holds options that could be converted at 2.5c to cover the more than 8m shares currently shorted.

Given below in the table are the outstanding options, as shown on the last Appendix 2A from May 4th 2021

The only two blocks held by commercial entities are the two I have highlighted. All other options are held by management, directors and staff.

The 24,264,706 are at 5c - not at 2.5c.

The 3,750,000 while being at 2.6c - would only cover 45% of the current aggregate short position. Leaving over 4m still to be covered.

If the short position is not one of these two entities - then they have ZERO options that they can use to cover the short position of 8.3m shares.