A letter was sent to option holders on 2 Nov informing them they couldnt participate in capital raising unless they exercised.
I also dont think CEO management are able to give financial advice. The legal implications of CEO recommending to option holders to exercise' because it will be better for you' would be huge.
voting on the early conversion may have been a possibility but i am sure the company would have done this if the ASX let them . I am under the impression the company will look at capital structure again post expiry.. ie split
CEO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
