where to for exm, page-3

bad timing of placement by management , could of done it a week ago when share price was in the 4s ( may have kept some interest ) - they had approval back on the 30/11. asssuming no results before Xmas then first day back will be 3/1 ( Wed ) , that gives 4 business days including the 7th to pay for the options and hopefully get some results. i cant see any option holders whose avg price is above 2c taking offer up as it stands. i wont as my avg price is 2.2c so effectively it could become a substantial placement at 3c and the price of heads will stay around that mark until results are released. thats the way i see it, maybe ive misread things.