1 jambury 2011, page-5

Webzone10 made a very interest point about the top-up clause on the HGO thread, (13/8)

That is, as ESG goes up in price, even if there is no ESG takeover, those options have value and can be SOLD.

As Webzone then says in another post on the 14/8: "You simply write a new option that mirrors the existing option."

16 months is a longer time when we are talking options and time decay... and they still carry considerable value.

But I agree Holy, if the 16 months comes and goes, and ESG is not taken over (and HGO has not written and sold a new option to another party), it would be a shame.

Y