they are now officially worthless,
And this is so unsatisfactory leading into the options expiry date
As I've said before the option had a very long expiry date and it does have a fair strike price of 3.4 cents, it has always been very achievable for the board to get them in the money , I suppose they do have a month!
Unfortunately for the board if they don't get the options in the money , it is a100% failure , unlike other companies
That have many listed options and warrants where some get in the money and some don't
Which way will the board turn this 100% success or 100% failure?
Remember this board will need money from somewhere if not from options from either large shareholders or S.I. , this will come at a hefty discount to the share price at the time of announcement, I say this because ASX requires companies to have enough money to be an ongoing concern, and although the quarterlies have shown an increase in sales , they have not shown to be cash positive
Just venting my thoughts
CDY Price at posting:
2.8¢ Sentiment: None Disclosure: Held
