I am not sure whether the 12 month rule applies to oppies (I...

I am not sure whether the 12 month rule applies to oppies (I guess it should though, as it is still an asset?)
When the oppies are "cancelled" during the t/o at which point the holder receives financial consideration. They are not "converted" to shares and then sold. The holder simply gets the intrinsic value (or more vis prior posts) as consideration for their oppies, which may or not have been acquired more than 12 months prior.
Ie. if the oppies were bought 13 months prior to t/o then one would think (if they are subject to the 12 month rule) then the 12 month rule stays intact.
It is clear we are all out if our depth here, so proper accountant advice necessary.