Since the directors didn't take up their out of the money options to inject a bit of cash into the company they place no long term value greater than 1.5 cents on in the future. If it was going to be 10 cents in 2 weeks because Gary's bubbling with great news from his globe-trotting to China and Korea they would have been all over these options like flies round a cowpat.
Ann: Lapsing of Options, page-2
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