New options would certainly need SH approval.I'd say they're...

New options would certainly need SH approval.

I'd say they're going for Option A where they accept a bid prior to June 30, thus not needing to exercise them.

If GS have a buyer lined up & the time line looks like going past June 30, Option B may come into play. In these circumstances they wouldn't have too much trouble organising bridging finance (maybe even thru GS) to exercise the options.

Can't see SHs approving the issue of more options in these present circumstances.