Listing rules are listing rules and are there for a reason whether I personally agree or like them. A competent company complies with them.. Its not like these options are a surprise and MAY just realised they are due to expire. Im sure MAY is paying for professional advice to ensure they comply with their obligations.
If I am 1 day late in sending in my conversion notice and paying my options money, a note from my bookkeeper saying it was an "administrative oversight" is not going to be acceptable and my options will have expired.
Like it or not, MAY dropped the ball and should rightly be called out on it. Hopefully they take it on board and learn a valuable lesson.
Ann: Response to ASX Query - Option Expiry Notice, page-10
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