faso 25c option expiring august 2009, page-41

Not a holder of this company but have been in a similar situation with the imminent expiry of options.It is not possible under listing rules to extend the expiry or reduce the strike price of ASX listed options.Unlisted Yes.The best you can hope for is that after expiry the company issues new for old.This would take a vote of shareholders probably and even if they issue one for one you would have to hold the same amount of heads to replace all your options for free.