why option expiry should be extended, page-15

Exactly Dante and not charge them a late entry fee (usually many times the original fee)!!

Can't believe how so many are misunderstanding what the problem is. You have summed it up perfectly.

Management changed the whole ball game by releasing ambiguous and mis-leading information and they issued existing stock for free and most of them to themselves!!

That is why they should extend the expiry date, nothing to do with bailing out mad punters.