proposal to extend options expiry date - royoa

DO THE CORRECT ACTION AND EXTEND YOUR ROYOAs. THERE IS NO EXCUSE!!!!



The GFC brought upon the market an unprecedented set of circumstances not in the forsight of any investor who parted with their hard earned into ROYOA prior to the turmoil (CLEARLY ONE WOULD NOT HAVE INVESTED OTHERWISE) - The board should do the right thing by their shareholders and offer up the proposal for an extension of the options expiry date. There is no better reason in doing so given what we have all experienced in this financial crisis.

Here is a clear example where this has occured and for this coy to not consider such an avenue is an indictment on management approach and their attitude towards holders.

http://www.nsxa.com.au/ftp/news/021721526.PDF

What is the cost to extend? Zip, nada, zilch except for a group of pissed off investors if you were not to. Basically, if they do not extend, the coy gets to "double-dip" in future options that go to market whilst same amount of original dilution (based on ROYOAs) is maintained. It is as simple as that.

Inexecusable for them to not consider this is an option and such a proposal will WIN massive kudos from the investing community at large.


DO THE CORRECT ACTION AND EXTEND YOUR ROYOAs. THERE IS NO EXCUSE!!!!