Hi Jordan, Have you got a copy of the email from PL about the option extension? Most of us on here have it in writing. Maybe you should email him.
But to summarize, NKP might extend the options. But only IF they are not in the money. First preference is for them to convert. They do not want to extend and do not expect to need too.
I tend to support the company view. We are only a few ticks from strike price. Still have a couple months. Should be in the money.
You seem to be the only one with the view that PL wants to extend. Maybe you have more current information you care to share?
Some posters have even hinted that something could be about to happen. JV maybe?
Is their a reason for your pessimism that a deal cant be done by Aug? or just a general feeling?
NKP Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held