ok so 6.95m from options if all converted plus 4m cash gives...

ok so 6.95m from options if all converted plus 4m cash gives almost 11m

9m payment required on 15/11 so the company should be OK IF all options are converted

the cynic in me thinks the heads were pushed above 15c for the options to get converted and to avoid a CR

46.3m new shares to hit the market though

will keep on watchlist but will not invest atm

@Matchbox: you suggest the heads are suppressed so that underwriters can obtain large quantity of shares but i see the complete opposite, no underwriting agreement and SP pushed up into the conversion date (the heads haven't traded above 15 for months)

GL