Tane, you don't have to hold for two months. The ANN says this:
"All Shareholders registered as at a record date to be determined..."
Meaning you can buy in a bit before the two months is up.
Also, the options were meant to given out for free, as per Announcement ANN from 28th June (p. 19):
Approximately two months following completion of the Placement, the Company intends to offer all Shareholders (including the Vendor and the Directors) one free Loyalty Option for every two Shares held at the record date. On the exercise of each Loyalty Option, the holder will be issued one Share in the Company and granted a further Secondary Option which has an exercise price of $0.45 and an expiry
date of 30 June 2015. The purpose of the offer of the Loyalty Options is to reward Shareholders for their loyalty to the Company and to provide those Shareholders with an opportunity to participate in the continued growth
of the Company."
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Companies should really be careful about making promises and then breaking them. It is my opinion that if anyone lobbied them about this past ANN and what the promised, versus this ANN that charges for the options, they may revert to the prior ANN. Well, they should!
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