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Both the examples discussed here for dealing with option expiry...

  1. operations
    41 Posts.
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    04/09/13
    18:41
    Post #: 12287820
    Both the examples discussed here for dealing with option expiry when timelines are not met - GTE and LCY - were dealt with by those companies issuing an option prospectus for new options to be purchased at $0.01.

    Neither of these extended the existing option expiry - that is apparently prohibited by the Listing Rules.

    So the only alternative available is to pay for a new option with a new expiry date and let the existing one lapse?
    Not exactly a palatable choice for me.
    MZI Price at posting: 1.6¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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