i heard back from the company,
bad for option holders, good for heads.
What they said was it is infact applicable to the fully paid shares, not the options.
It is not a bail out of the options as i had hoped for, but as i hold heads as well, is still something for shareholders.
Agree that at 15c exercise, they are only an annouce away from being in the money, so it's worth considering topping up heads at these prices, or if things stay in the dulldrums, pick up the new oppies at what 2-3-4 cents? if the heads trade around 12-15?
Unfortunate that they didn't do a bail out for the oppie holders, but there's a lesson for all of us.
cheers
CTS
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