LINOC are options that were issued to
LINOA holders.
LINOA had 15c ex price expiring dec2011.
All eligible holders could subscribe for 8c linoc options
@ 2c each.
They were used to raise about $2.7m
Some of the most expensive options that will lapse.
AKA options have been extended(can't extend,but can issue new options) for the 3rd time
at nominal price.
Depends how much the management have invested in these options imo.
Ann: Quarterly Activities Report, page-6
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