".... If a JV was announced and share price recovered there was going to be a shorter extension ... If not it was going to be an extension of about a year...."
eh?
The options were not extended, they EXPIRED. Gone forever.
The old options only carry rights to purchase NEW options at 3cents. Whether or not 3cents is fair value will be determined once they are listed.
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new options expiry date, page-4
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