Miso,Will a public listed company have any direct control over...

Miso,
Will a public listed company have any direct control over call and put options created against its shares? Absolutely NONE what-so-ever!! However traded call and put options on public shares are regulated by ASIC and legislations requiring the issuer to back the options with real shares, owned or borrowed. Heard of the recent Opes scandal?
The only requirement for issuing put options (Reservation method) is how will GSK convince buyers that GSK can deliver the Relenza at the time the buyer demands purchase. GSK may back the options by stocking Relenza whether it is 1 to 1 or 1 to 5 or what-ever ratio can convince the buyer.

Why would a put option attract a Royalty when there is no sale of Relenza? EVEN when Governments put in firm order for Relenza, the royalty is only payable UPON DELIVERY to the client! Read up all the past Relenza royalties and it will confirm this point. When BTA do not get paid on a confirm order why should BTA get paid for a put option that does not obligate the buyer to purchase Relenza?

Management who is too thick to accept a $100M offer plus costs but settled for $20M without costs after spending $35M is extremely unlikely to have the intelligence to negotiate royalties for put options!