announcement to port moresby stock exchange li, page-3

Like I said Bill I could be wrong, but consider this, I believe it would be a first for ASIC or the ASX to allow this to happen in the first place? remember they did say they were attempting to, not were, but just say it were possible and the authorities did allow it? then they would have to send out notices to every eligible option holder first , then there would have to be a waiting period of possibly up to a month for those option holders to decide if they would take up the offer, and then all the acceptances would have to be collated, and then the new options would have to be issued, all of this would take possibly up to six weeks to achieve, I don't think we have six weeks?

Didn't these options have an expiry date in Sept 2009 initially?

But like I said I could be wrong? it wont be the first time, nor the last!