its quite reasonable to ignore the full dilution for the foreseeable future, its totally unreasonable to use it, telkl you what I'll work out my outgoings for a mortgage on a house in 2012 using my current salarty shall I? lol
It might be if there were only a few options but in reality what we're talking about here is that a volume of shares equal to nearly seven times the existing no. issued are going to be dumped onto the market. You can't seriously believe that will not have an impact on the share price?
It's plain common sense that when a big chunk of shares are dumped onto the market at a price of 0.1p a share then 0.1p is what the share price will gradually gravitate towards.