1suntzu,Im lucky two of my best fruends are forensic auditors. I...

1suntzu,

Im lucky two of my best fruends are forensic auditors.
I just sms and within 30 minutes an answer.

Naturally I can not advise on what you should do.

What you would do depends on the companies prospects in the future.

Remember if you sell heads there is a tax event.

If you convert options to heads no tax event, but a reset as your buy date is not the date you bought options, but conversion date.

Letting options lapse is a 100% cgt loss.

Also if your under 12 months and you sell shares, if in gain to fund option convert you pay tax on 100%, not 50% of cgt.

I've not told you what to do, but a few things to take into consideration.