Takeover

Can anyone tell me why EGO's board or the ASX should allow MIN to go over the takeover threshold via the issue of, what was until recently, cheap options?

I object to the request for a waiver of the need to have shareholders vote on the issue of options solely to a substantial shareholder, which if granted will allow MIN to exceed the takeover threshold as set out in the takeover provisions of the Corporations Law.

If MIN want to go over the 20% threshold then let them launch a full take over bid!