announcement, page-14

So do we agree this is a reissue from yesterdays cancellation and if it is so, yesterdays discussions on the MAE forum (though informative with well thought out answers) are completely redundant

ie it wasnt tax reasons or any other reason apart from the fact some employees (whom in a takeover will be made redundant) didnt like the $1.50 strike price and instead the much lower one now applies?

Look at the facts:

a batch was cancelled that had a strike price of 50 cents but expired 30 June 2009.

Another batch was cancelled that had a strike price of $1.50 but expired December 2010

The first batch was cancelled because time is almost up re the deal. This new offer gives six months to finish the deal

The second batch was obviously cancelled as the sale price must not be giving these employees much gain....

Nice for management to be doing all this whilst keeping the owners of the company in the dark - as usual

Still, it is obvious the sale price is giving these employees some money with a strike price of 45cents but not much with a strike price of %1.50

Or am I missing something here....