Ann: Letter to Listed Option Holders, page-51

I'm not sure if this means they need to be exercised or not, this needs to be clarified:

"The New Options are intended to be offered to all Australian and New Zealand resident holders of BPHOB Options on the basis of 1 New Option for every 1 BPHOB Option held at the Expiry Date."

Obviously if you have exercised them you are not holding them.. right?

I will be holding and voting yes if the first instance above means how it reads. If they do need to be exercised, at .03c, I will be farewelling my oppie stash with tears in my eyes... unless that tree out back suddenly begins to grow money!

GLTAthankFforoppieholdersifexerciseisnotrequiredH!