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The_Analyst - Wed, 20 Dec 06 :

ranger,

Just to back up your earlier comment about where the options may be used:

Under the section "going concern"

"Having closely monitored the situation throughout the year the directors have formed a judgement at the time of approving the financial statement that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statemnts."

So, the issue of equity is for either M&A or employees incentives.


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