Its a common practice globally and even worse some examples of...

Its a common practice globally and even worse some examples of poorly disclosed effective allocation of shares on a delta basis of options that are NOT even intrinsically in the money. ASIC and their peers globally are behind the ball as usual and its a disgrace some of the options allocation going on.

There was a infamous academic study in the 80/90's that showed US exec's were managing to pick the lows on the strikes of their stock options incredibly well with almost pinpoint accuracy - assuring them always being in the money on option awards - and further investigation revealed they were assigning strikes after the event! The SEC was about ten years too late on that one of shareholders getting ripped off and made a few scapegoat examples on changing the legislation, but a load of executive crooks worldwide made hundreds of millions. But I digress.

Congratulations OCC holders. Its been an arduous and long hold with little reward for a long time for longer holders (scratching their heads), but the mkt finally recognising the likelihood of commercial success and relative under-valuation of OCC versus its forward earnings prospects.

GLTAH