Possible with the big drops lately that some cannot afford to pick em up right now. Pretty unlikely though.
VERY unlikely. They would have just needed $7,700 to exercise enough of the held options at 10c to then sell on-market to then have enough money to exercise the rest (based on 70c share price). Just mad to let 10c options expire when the share price is 70c.
Ann: Appendix 3B-AJX.AX, page-11
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