one cent options

Know bugger all about options.

CNNO are 1c and CNN are 3c and the exercise price is 10c. Is this normal? Can an option price push up a f/p price by any chance? I thought it worked in reverse.

Only 97m got taken up at .005 and the 100m shortfall went to bonus freebies for members which are non-renounceable with no trading rights which means they can't be traded I presume.

If this is the case these could be tightly held especially if the top ten holders all took them up.

Be interesting to see the top 20 in the annual report.



Can anyone elaborate or offer a view for my benefit?

Cheers