Hi Albright, yeah agree with most of your sentiment re management and oppies.
Let's hope all the EFY dumping has finished now and the buying starts.
One of the options the BOD could have taken if they truely wanted to guarantee the oppies would be in the money by excise time would be to do a company split.
Think about it, float Canning as a separate entity (which they have 100% of and held in a different holding company already) for say 15 cents/share and give all FPO shareholders a free rights issue allowing option holders to convert to participate.
Surely this would bring the oppies into money and incentitise holders to convert or am I missing something here. I'm sure there are alot more complications with Dual listings but from memory I think options were only issued on ASX and not AIM.
There must be obvious reasons why they can't/won't do this but it was just something I was thinking about to get oppies in the money and access desperately needed funds, without having to wait for results to come from Cambay...thoughts?
OEX Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
