Not having a go at anyone in particular but this has been discussed before several times.
According to company/corporate law:
An option cannot be altered in ANY WAY!!!
So please stop going on about management taking action to change the conditions of the options by deferring or extending the expiry date.
IT CAN'T HAPPEN!!!!!
They can issue new bonus options to shareholders with whatever date and exercise price they choose but these would be unlisted options and not tradable on market.
Blame the bloody Chinese and the Russians for all this crap which was unforeseen at the time of issue.
Of the millions of options I have received over the last 40 years I reckon only about 100,000 ever were exercised by me.
Lockitt
ICG Price at posting:
4.1¢ Sentiment: None Disclosure: Held
