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05/07/15
22:12
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Originally posted by malcolm in the middle
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I just sent an email to Bob Tolliday to why they would have unlisted options and in doing so sort of answered my own question, well one of them anyway.
I doubt this is the correct answer as it would be very honourable of the company if so, but as we know
we cannot trade unlisted options, so at the end of the day we received them free and if they fail to be exercised then nobody is out of pocket and also that applies to people that may want to trade them as you cannot, so nobody loses at all.
Or it was just an incentive/gimmick with the last CR to offer these during the court hearing etc, perhaps knowing that come September the SP may not reach 15 in time to convert. For an issued option, there life was quite short...... now I think about it.
Anyway just me thinking out loud and answer from AGS I am sure will solve MY mystery.
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Yes very short lived options indeed. Gimmick is an interesting description. I won't bother digging through my mail or contacting the company or share registry unless I see a share price that is being sustained well above 15cents in September.