Ann: Techknow Conference Presentation, page-75

Buttt when they first put $0.08 up they banged on about it being a significant premium at the time and then astutely sat it right alongside the expiry of 8 cent options.

Either way though i think if you want to build confidence in the future long dated options with anything even close to 8 cent expiry is not a good sign. They either need to pay 8 cents cash alongside the option holders the week following or several multiples if running 12-36 month expiry. 8 cents cash putting the money up alongside option holders the best outcome and to encourage others to follow imo

Next will come down to option expiry and how many are converted vs how many lapse.