option expiry, page-21

Garmel if i were you i would pull the order.
MPJ plan to raise only $80000 by extending the options (or issuing you new options)so its only a peppercorn charge for people with out of money options that were burnt.
For every optionholder it will cost .01c for a new option.That is $0.0001 or one tenth of what they are now.
For every 4 options that you have ,you will be entitled to 3 new options by paying one hundreth of a cent for the new option.
You have 2m mpjo and you will be entitled to subscribe for 1.5m options by paying $150.
The exercise price of the new options is .2c.
Mpj are .3/.4 now so the new options are in the money for you albeit only 1.5m. cheers