Ann: Update on Exercise Price of Options, page-16

25c to excercise an option to get a 22.5c stock is a bad deal any way you look at it. Those owning the options are better off buying heads on market assumming the options were given free.

I was going to keep some money aside to excercise these but 25c is a very high strike price. (the last ones i converted were 0.025 to convert (and that was so i could get the dividend that was announced for the stocks held! FGR is quite a long way off divvies imo!)

I get they jacked up the excercise price from 20c to 25c to encourage holders to convert but it seemed like a bad deal back then so didnt bother.

I dont really see people buying options now and paying any sort of premium given we are in the count down to expiry - as much as i am a long term holder i need an incentive here which these options just dont provide. It would be charity on my part to spend to convert. Ill need to see a price in the 30s also like another investor mentioned in a recent post.