new horizon, page-5

As other people have flagged, there is a proposal to convert the options into shares at the right of 1/6, ie 6 options will convert into 1 share in the company. If this gets passed then there is pretty much little to no insentive for holding the options other than conveniance. If NHE spikes up to 40c next week, this means the options will only trade at 40/6 6.666c. In other words you will only double your money like in the ords.

I dont think this has been passed, but the fact that its out there would make me nervous about holding the options.

So long as the ords dont collapse I will continue to hold.

cheers.