"I was just wondering, if there was a take over, what happens...

"I was just wondering, if there was a take over, what happens with the options? Do we miss out and loose the money or are they normally part of the take over?"

I seem to recall that there have been discussions about this in the past , and as far as I can remember there was no definitive answer. This is of real interest to me as well BTW.

I think there were discussions with JH way back whereby he indicated that the option holders would have ample time to convert their tales to heads should a takeover action be implemented , but I'm not 100% sure about that.

Perhaps others can assist here??