faso 25c option expiring august 2009, page-39

There's only 70 odd million options and 400m shares and the largest holder of FAS the forgotten Falak doesn't have any options. Well he is not in the top 20 anyway of options.

If share holders see that there is value in these options, because it will provide potential capital down the track, then they should vote for it on that alone.

Obviously anyone holding options at present will vote for it so this will represent only about 18%

If the company can sell the idea to the other shareholders, then it should get up, but I wouldn't think it is a certainty.

Also options are handy in a takeover defence situation.