mpo management must goooooooo, page-4

malcolm

with exception of the two parcels that are currently sitting in the money out of all of those options, what value do you currently ascribe to them?

Answer: $0 as they are not in the money. Therefore unless the share price changes significantly, they will get nothing, as it will not be in their interest to exercise the options.

I do not think that the issue of options is the real matter for debate here. In my view, the matter for debate is whether there is sufficient support from other shareholders to assist the disgruntled top 20 shareholder bring pressure to bear on the Board for change/improvement.

It has to be in our interest to find out what they are proposing, and when.

There is no doubt in my mind that shareholders expected the Board to achieve the goals that they outlined in a more timely manner. Opportunities have been lost because of delays. And could those delays have been avoided?

If this potential bun-fight goes public as it appears it could do, what might emerge is the realization from a potential corporate raider, that now is the time to act and buy these assets at a discount to their true value.

Interesting times!