Mr incognito,Interesting questions.Two answers - 1. Yes, if I...

Mr incognito,

Interesting questions.

Two answers -

1. Yes, if I wanted to buy the options on market for leverage.

But I believe pep11 will be approved before a new series may be issued.

No leverage, so that takes me to no 2 and the most likely vote.

2. No, if I believed pep11 gets approved and a leverage opportunity did not exist as per no 1.

If pep11 is approved, we would I think be looking at 10c a share minimum.

The difference between 600m options at 0.1 issued and 3c strike versus a fpo issue at 10c is 100's of millions less share dilution.

That will be what fpo holders care about, whilst option holders care about staying in the game and trying to minimise loss.

I think if pep11 approved, the co will raise and provide a free option mix.

So heads holds most likely see it that way, versus going to market.

Rules out no1 from a different angle to answer 2.

The top 20s are clear fpo holders, don't get involved in options to much.

The predicament for these options is concerning as nobody likes to see loss, esp when extenuating factors are cause.