Ann: Significantly Oversubscribed Placement Commitments $3.2m, page-43

Hi Sammy, yes i agree with you regarding 90% of options expire worthless. That is why i never play with them as they are too risky. As we are now seeing, the risk has gone up tremendously with NSL not having the phase two plant up and running and producing cashflow before these options expire worthless. They have taken too long regarding phase too. Production was the only hope for these options.
Your one of the few that can see this also.

Regards The Tinhopper