Ann: Consolidation/Split - LRS, page-51

Yeah, it looks like Uncle Chris, or Daddy Chris, has shot his nephew or son in the foot, making the nephew's or son's 110 million options value-less. This is not the way to treat the family, so I expect he may not be invited to Christmas dinner this year. Oh dear, family ructions eh, you gotta wonder.

LRS has the ability to do what TV2 has done, and extend the options at 1c per share, for another 3 years or so if they want, so if they won't even do this for their own family members, then you gotta wonder about what kind of people they actually are.

I'm just going to write-off my options and take the capital losses on my taxation next year, and learn from this experience, and add all these director to my ASX black list.

Gw