mcooa

Can someone explain to me what is happening with the options, I have read the announcement and it seems that I now have to pay the 25c to convert these into shares, where as normal shareholders get the option of buying the new options at 1c.

If this is the case than I'm well an truely f@cked, AUD60-70k down the drain, and I know for sure my wife will be leaving me once I tell her about this......the risk of options eh!