I personally find it very odd that anyone, let alone a director, would let in the money options expiry. Even it you don't have the available cash funds, any financial institution would give you a loan against them - especially if they have a 32% in the money cushion (5c v 6.6c current price).
I am bullish CXM (obviously - as a holder) but I struggle to find any positive about this lack of action. I am happy to be convinced otherwise by anyone who has more insight, but I do find this a tad worrisome TBH.
Ann: Correction - Exercise and Lapse of Options, page-3
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