form 8k ann tonight?, page-14

Sw3, an option is a legal right sold by the company to convert to a share at a specified price up till the expiry date. Like all legal and finacial rights and obligations, a takeover or merger would not nullify them - the takeover entity will legally have to honour those rights and obligations (imagine companies taking others over and then saying to creditors "sorry, not paying" - it doesnt happen). I have 90% of my SSN holdings as options, and am totally comfortable with the right to convert that I am entitled to.

Cheers, Sharks.

PS: Wilson, I see you are still into your cycling. FYI I'm holidaying in Bright and climbed Mt Buffalo today. 20 kms of great climbing with excellent views (although I'm not as fast as I used to be). Got climbs of Falls Creek and Mt Hotham scheduled for later this week. Good luck with your training.