options exercisable at .0213 now, page-8

You certainly can get burnt. As option holders have no voting rights, it is really out of option holders hands as to what a company decides to do. In the case of GPN, where directors hold alot of options, then they are hardly likely to make decisions to hurt themselves.

In most cases the company will do the right thing by their optionholders but I have seen cases of option-holders getting the short end of the stick.

Options have inherently higher risk but also higher reward.

Cheers