I appreciate that the same can be said about every company and every time frame.
The options were a dud and anyone who did a daily analysis on them should have cut their losses and move on .
My concern here is that people are trying to get something that they think is for nothing but its not.
Its at the expense of responsible holders who played without trying to bring the goal posts in to centre half forward and expected the company (shareholders) to pay for their removal and repositioning.
I know intimately of the protractions .
It was blatantly obvious that the time frames were not going to happen during the life of the options.
Yet the option holders that are involved in this bun fight chose not to be reasonable with respect to the perspective and (lack of) potential that these penny dreadful options possessed.
People should at least refer to the charts occasionally
AND NOT EXPECT A FREE RIDE FROM A FREE ATTACHING OPTION THAT WAS SOLD OFF AS A HOT POTATO IN THE FIRST PLACE.
This is where the lack of justification on the company's behalf lies.
They were gifted to sophisticated investors in the first place who considered them too high a risk to hold....so they dump them on an unsophisticated market , who give them an inflated price and then pass the parcel till they expire....90% of the time out of the money.
If people can not see that they are super high risk with an over 90% chance of dying worthless , then they shouldn't play with such risky derivatives.
They should be saying at this point in time ''I have saved myself 43c on my exercising strategy, I will by them on market for 57c!! cheap exercising deal.
With regards to the milestones not met,
What if they are not in another 12months .
Willl it always be the company's fault ???
Take some responsibility for your risk strategies people.
IF YOU ARE UNCOMFORTABLE WITH THE OPTIONS......
BUY HEADS...
RRS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
