I spoke to a second person, who is now going to the directors for the answer, however, they are in london, and may not be awake yet, to reply.
So, still waiting.
I dont know why they would make a point of saying in light of the previous options out of the money? Are they trying to rub it in to option holders? or are they offering a lifeline?
I emailed them a while ago, and suggested a placement of options to effectively replace the existing options 1 for 1 at 1c etc, and they had said it was something they were aware of would keep it in mind.
I also, refered to the placement of options which Range Resources had undertaken (CTS aquired the U project from RRS) and in that case it was for the options.
SO, if they were aware of how Range bailed its option holders out, would they not follow suit?
the waiting game i guess.
cheers
CTS
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