article/some similarities to nkp case, page-23

".. options were out of the money upon expiry date, weren't they?.."

NKP was in suspenion upon expiry. The point was that, provided that the directors are confident that the DMR rules in favour of Genorah/NKP, the options would be worth exercising. Evidently not.

There would be no insider trading issues.

A previous poster stated that he was (reasonably) confident that the sp would trade 45+.

Seems tat the Directos do not agree.