SPXOA CONFETTI EXP 4th AUGUST, page-2

Excuse my ignorance - but why would instos be cooked if these turned to dust like the last round? Aren't these the ones from the Cap raise that was essentially the BoD and other "sophisticated investors" or are "sophisticated investors" also insto's? I just figured this was people who had way more money than I to be able to throw at these things.

Personally I'd like them to burn like the last lot, because I held the last lot and took the hit without complaining. The board (going off past announcements and votes) would simply reinstate their position via a different offering at either the AGM or through salary negotiations, which don't even come to the AGM (eg the last 5 year appointment of the CEO -no shareholder vote on that just negotiated internally) and be in the exact same position (if not a slightly improved one, as per the time the CEO lost 80 mill in options and a few months later went to the AGM with a new package to be voted on for 100 mill in a different option release with a new time window to deliver, if I recall correctly) and holders overwhelming said yes please, more of that for you Mr Floate.

If they do find a way to extend because the board brought into this round (lets be honest that would be the only reason why despite what is publicly reported via what ever mechanism to do so), I would love to know Slasha thoughts, given how much he lost last time and they didn't do anything for those holders (myself included).