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consolidation at 2c, page-10

  1. 3,128 Posts.
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    Hi all,

    Happy to change the subject.

    Just for clariffications sake and to forewarn any options players of the 'time value' actually left....there is approximately 34 trading days left between now and Dec 30.

    And a Company should issue a Notice to Option Holders about one month before expiry stating the exact date that the options (EXMO in this case) will stop trading on the ASX. This is usually about 1 week prior to the exercise date and you will not be able to sell your options on the open market after that date.

    Given it will be around Xmas I imagine that date would be on or around 21-22nd December, including today, that leaves about 29 trading days (a bit over 4 weeks) for EXMO.

    After the options stop trading, the only 'option' holders have left up until the 30th December is to pay up the 3c exercise price and convert.

    An example of the type of notice options holders should be issued with can be seen by looking at the June 30 Notice to Option Holders issued by ASX: VXR.

    Hope this helps the not so well informed when and if they are thinking about buying and/or selling EXMO.

    Regards and good fortune to all.

    K
 
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