I have 12 mil of them purchased at 4. I dont believe they should be extended.i took the gamble and looks like i lot.they need the option carrot to raise further funds in the near future if a jv cant be formed.
I am unaware of many cases of optons being extended,so i dont understand why they would extend them.if you are unaware options can be traded like a share.their price fluctuates and generally decreases closer o expiry.
Extending these options for me would be great,but the for the people who sold would be unfair.they are traded and issued with a fixed expiry and exercise price.
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