Dear Gallea, Your suggestion 2:1 is absolutely wrong. If the...

Dear Gallea,

Your suggestion 2:1 is absolutely wrong. If the company does not limit SPP up to $15,000, it will be a huge dilution which will increase shares outstanding from 2.1 billion to more than 3 billion. If this happens, the share price may sink to the bottom of ocean.

Convertible bond which only allows holders to convert at premium of 20 per cent and 40 percent is a good deal since it will only dilute holders' equity ownership when the notes are converted. On the other hand, SPP will increase shares outstanding at immediate effect and dilute holders' equity ownership.

I suggest that you read carefully the company's announcement before making your wrong statement.

It is strange that you will sell your shares below 3.3 cents and try to buy options at 5c.