court case result, page-23

yokka,

i have spoken to the company, and they are aware of the suggestion put forward to issue placement options to replace existing options.

There are no garantees, and the reality is, we are too far from the expirey, to intervene on the options behalf yet, so let the heads have their last hurragh.

My understanding is that persons inside the company also own options,

The argument i put forward to them, was that as option holders, who bought them with a generous expirely, have had an unacceptable delay of activity, that has robbed the options of their time line. Locked in pergatory, going nowhere.

For a comapny to make no progress on their primary asset, for reasons beyond the companies control, ought to be rationaled, as a valid reason to issue these placements.

It is unusual circumstances, and would need to be put to a shareholder vote.

But it goes something like this, 1 for 1 new option issue at .1c each for each MLSOA, with same strike price, and say 1 for 4 to each MLS held.

That way you give something for the shareholders to vote yes to.

If they are given a life line, say another 12 months, of the time robbed, would be fair and reasonable.

We all need to make the right noise, at the appointed hour, if it becomes necessary.

There's no garantee that they would act on it, but other companies have done so in the past, RRS is one in the last 2 years that i recall.

Cheers