88E 50.0% 0.3¢ 88 energy limited

Exercise options, page-61

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    It looks like that you do not understand what is option. Hope that you start to learn now. Think rationally.

    Please see Appendix 3B point 8, there are 391,045,209 options outstanding at 22 January 2017, expiry date on 2 March 2018. The options outstanding at 16 January 2018 was 400 million. It has reduced to 391 million since around 9 million options had been converted in the period 17 January to 22 January 2018.

    Generally, options trading may cease one week before the expiry date to allow the options holders to convert it. If the options are allowed to trade until last minute, let say on 1 March 2018, who ever buys the options on 1 March 2018, he or she could not convert it since it will expire on 2 March 2018. Please note that there will be two-day settlement and also time to lodge the document. and send the payment to the company. However, I may be wrong. Please wait the announcement next week by the company regarding the notice of option expiration. I am sure that the company will also announce the last trading day for the outstanding options.

    This is not an advice. Gain or loss is in your own hands.
 
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