the best outcome, page-14

Opilot, to put it into context, people originally acquired PNOO via a rights issue. It was something along the lines of 1 share for every 5 held. With one free option for every two shares purchused.

So if you owned 100,000 PNO, you were entitled to 20,000 discounted shares and you got 10,000 free PNOO.

So even a few weeks ago when their was a market for PNOO and say you could get 0.3c for them, well its only $30 worth. Your brokerage would eat it all and the effort involved. Better to just hold and hope?

If by some fluke, PNO time it perfectly and it is in the money, those same people are left with 10,000 PNOO. And need to fill in paper work and pay a whopping $150(not even a marketable parcel) to convert.

It changes their average buy in price for tax purposes, the date acquired for CGT purposes, etc. It probably just aint worth it. Especially when the could just buy now cheaper and not be capped at $150.