Ann: Application for quotation of securities - IMU, page-46

Afternoon BD.
I'd be interested to know if the company can change the expiry/conversion price. Many shareholders including myself, have been burnt by these options, so far.
Yes we understand the risks with options but I'm on the firm believe the company has led us a bump steer here.

These options were released during the period where the companies SP was flying. The board may have thought there was going to be a deal happening hence the 45c conversion cost. No deal obviously and the SP has been smashed, that also of the options.
if the company knew there was not a potential deal in place but yet released options with a 45c conversion cost....this doesn't sit well with me because they'd know quite well, their own shareholders would get extremely burnt.

cheers