AEE Vanadium $$$ Part 2, page-2

• 1 fully paid ordinary share at 1.9 Australian cents
• 1 option for every 2 shares subscribed
• Options are unlisted and exercisable at 3.3 cents, expiring September 2019
• 194,736,842 fully paid ordinary shares to be issued
• 97,368,421 options granted over ordinary shares

It equivalent to issue price at 1.5c or less because it also has free options
basically these guys have more advantages over the retailers and forms a big sell pressure.