john cahill on brr today, page-13

“The bloody management got me into this one”

How is that?

You did your homework, you made the decision, you paid the money and you ‘hoped’ you would make a profit and not get burnt again!

We have all been there and we hopefully learn after each episode. Bigger the potential gain – bigger the risk.

GBM management did not put their hands in your pocket and rob you. YOU paid the money with the expectation of a gain. Options, shares, warrants whatever………… that’s what we all do.... take a risk and manage the risk as best we can. Sometimes that risk cannot be managed as best planned. Every 'stop-loss' is killed with a trading halt or suspension. That's the way it is.

My understanding is that Management have NO (repeat ABSOLUTELY NO) ability to alter the terms of Options. It is not a matter of decency or otherwise…… they simply cannot do it! Terms of options cannot even be altered via a shareholders meeting.