At this stage no option holders have been given the right to purchase new options, that will come after approval by Shareholders and the issue of the prospectus. A lot of SP rises and falls can and perhaps will happen before this. This means that the decision to pay up is a while away. In the meantime the old options will expire on 30 June 2016, and you have nothing until if and when the above occurs and you pay the option fee.
KAIO, page-10
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