Age article, page-20

I think you have it a little mixed up morgo.

The "entitlement" for the piggy back options expires at the end of January 2016 (thereabouts, can't remember the date right now). If you exercise the options before the end of January 2016 @ 20 cents, you receive an entitlement for piggy back options, which expire a year or so later in 2017, which are convertable @ 25 cents.

If you don't exercise the options by end of January 2016 you lose the entitlement to piggy back options and the expiry date becomes the later date I mentioned above but still @ 20 cents.

I did receive options for 1.5 cents but since have bought a heap more and my average is 2.6 cents, which means for me the share price would need to reach 23 cents to be in the money.