emsobs

The announcement about EMSO options expiry was made about one month prior (28 April) to the date that the EMSO's would not be subject to official quotation (24 May) prior to their expiry on 31 May.

For EMSOB's the expiry date is 30 June which I assume means that quotation stops on 23 June. A month(ish) prior to that falls this week.

If EMS were to extend the options for another 6-12 months which presumeably, would be done at a small cost to holders, then it could be a rather bullish turn for EMS. The exercise price of 10c is probably also more realistic than the 20c EMSO's and with 50(ish)million options that delivers $5 million to EMS.

If they don't extend, which I admit is a likely, then we sit back and wait for Phase III trial completion in Q3 of this year to get some strength back in this stock

bluebush