bat35y,
I've seen options extended out in the past, with other ASX listed companies. Normally extensions were granted back in the 1980s & 1990s where options- rights - convertible notes, were a large part of nearly all ASX top 1000 companies. Extensions were typically granted via options being merged or the company going through a trading halt, with extended time granted after restarting trading.
The IMUOD's, should they be extended out 6-12 months, is mutually beneficial for both Imugene and holders alike.
Should the SP go to 50c-70c next October, however be trading at say 40c in late August. It would mean IMU doesn't pick any of that revenue. Whilst the options wouldn't be exercised, being useless to the holders. I'm not sure of the amounts circulating, but previous posts from memory, indicated the exercising of them being worth $70m AUD. That would potentially take pressure off capital, and the need (not want) of Capital Raises.
I don't have any IMUOD's but wouldn't begrudge holders getting a 6-12 month extension. If for no other reason than for the companies benefit, and the $70m involved. However, a small group of posters here would cry favoritism and rorts (especially if management holds any).
We're heading into May, with four months until the end of August. I can't see PH letting such a large quid slip by. My bet is that via an announcement or deal, in that time we'll be trading above the high 40c range.
An extension (provided all others in the future are given the same leeway) For mine, would just be common sense. However, common sense isn't that common these days !!
-GO IMU!
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