Stlamc the emphasis is on "may" not that they would. Normal financial logic would be that you purchase on market if the oppies are out of the money.
However due to disclosure issues an oppieholder that is a director or employee has restrictions as to when they can buy and sell on market whereas the oppies can be purchased at any time up to the expiry date regardless of company activity.(as I understand it)
All I am saying is that come 5/11 the employee/director oppie holders may have sufficient knowledge to make buying out of the money a viable option if they are prohibited from entering the open market at the time.
VCJ I don't see the ramp. The either will or won't exercise. Probability says they are most unlikely to exercise. If they did it could be seen as bullish, conversely if they don't that could be perceived as a negative.
NEN Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
