wonder how egm is going?, page-9

I feel a lot of the current SP woes are beyond the control of the company. Yes they should cop some flak for the delayed DTR results but I feel the primary reason for SP weakness is the unlisted options exercisable at 1c.

There is a fairly large number of oppies which need to be exercised by 30 June in order for the holders (456 million) to qualify for the free 2c unlisted options. The unlisted holders can wipe all buy orders till 1.1c and still be laughing all the way to the bank. June is going to be a very bad month for some of us PDY-wise (or good if you are looking to buy).

Someone said somebody should be shot for approving these options. I agree. If the options were listed, the heads would not have been under so much pressure as the holders could have sold their options and there would not be a risk-free arbitrage between heads and options as we are seeing right now.