Hold the heads and quite a swathe of options here.
This isnt a freeby, the current option holder had to give something to be here and to then be able to participate in the possible renewal of the options on a 1 for 1 basis.
I will be voting for it. I think it's a fair mechanism to allow those option holders more time to excise them as the company wades thru the courts to get the government to heel.
it's a small pocket of temporary air that might be given, for me I hope it gets up. The co has been subject to unfair and unprecedented government inaction on the Pep11 project and its borderline awesome that the company has taken this action with an eye to assist current option investors.
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- Ann: Letter to Listed Option Holders
Ann: Letter to Listed Option Holders, page-198
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