Chimera,I have to admit, I also lean towards Matchbox's take on...

Chimera,

I have to admit, I also lean towards Matchbox's take on things. When all is said and done, most corporate transactions involve the advisory firm getting their snout in the trough for a free feed and retail investors getting the crumbs. That tends to be the case even with highly ethical boards, due to economies of scale and fee structures.

You mentioned pushing the sp up to get conversion of the options, but I suspect there would be few retail investors interested in converting at 15c when then sp is only 16c. Too much risk. We only have until Monday to have the cheque in Perth and unless the sp moves I can't see the average punter converting many options.

This is where the advisory firm is so useful. They know far more than the retail segment of the market and often will gladly mop-up excess shares, based on their inside inf... oops, I mean "insight" into where they see the company's sp heading.

Out of interest, WHO IS CONVERTING? I'll be doing a few.