Rex,
Understand your frustration - I'm in a similar boat.
I still believe the company will consider issuing a new round of options on a 1:1 ratio for the Mar 18 oppies or an extension. The effect of this will be an automatic uplift of the Oppie SP to back over 1c and in turn this would prop the head's SP back to 3c one would assume.
The company needs to do something to keep the head's SP above 2c if it wants to achieve funding from the Mar 18 conversion (otherwise most options will be left to expire =$0 for the company) but if it can claw back up to a SP - of say 3.5c- then I think oppies holders would consider converting.
We wait for the next ann.
It's far from over, page-75
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