Something is not quite right with how the company is handling the process of exercising options. Don’t blame the share registey. Just over a month to expiry and the options are trading at 10c discount to intrinsic value. I suggest large holders get their solicitors to exercise (like property settlements). Otherwise you may lose out on technical grounds.
In the past when cheques were used,we relied on our brokers to ensure options were properly exercised. Can’t do that now with discount online broking.