I bought a stack of TEXO before the plug was pulled on Catapult....

I bought a stack of TEXO before the plug was pulled on Catapult. Now _that_ was acceptable risk that anyone takes when buying shares, (or even more so with options). I was not happy about it, but accepted it as part of that risk-taking.

But I think the recent capital raising goes well beyond that. The company drastically changed the rules in the middle of the game, pretty well making the TEXO options valueless overnight. I feel let down.

OK, I take the point that if they issue new for old then someone else is going to feel let down too. It is a bit of mess. Is it possible to balance who feels more shafted??

Well, maybe it is possible to get close to a fairer solution.

My original idea a month ago was to offer say 1 for 10. You're never going to keep everyone happy here. But isn't that a reasonable compromise?

And it _is_ possible to do this sort of thing, zurich. It's been done with NEO and a few others I can't recall just now.

I hold heads and a few TEXOB too, so I feel I have a reasonably balanced view on the subject.