Ann: Chief Executive Officer Appointment, page-34

The thing is though that all these new 15c oppies still have long expiry dates on them. So let's say the SP goes far higher than 15c in the near future, there is no urgent compulsion to exercise them, they could simply hold on to them and see how much higher the SP goes, secure in the knowledge that they still only have to pay 15c.
Now our 20c "reward" oppies are another story, they run out in about 8 weeks. So these are the oppies which are more on my radar. If the price goes north of about 25c it will be an urgent "use it or lose it" decision that must be made. I really hope that we have to make that choice soon!