my last exchange with PL last month was that an offer "of some type" would be made to lapsed option holders. However that was before the white knight came along.
My understanding ( via the ASX) is that NKP can vary what was initially announced. The capitalistic system offers no guarantees nor justice.
We need to wait until NKP is resurrected first before worrying about any options being issued.
NKP Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held