This is precisely the point! Yes, options come with more risk,...

This is precisely the point! Yes, options come with more risk, however a result on PEP11 (either way) is well past overdue and holders would therefore have either been in the money or not....well before expiry.

Given the circumstances, an extension is more than reasonable amd warranted. It will not change the course and simply allow proper proceedings to take place if we are in fact going to have to wait until after the election for an outcome on PEP11. Again, holders will be in the same position...either PEP11 is granted and they are in the money, or refused and they wither away.

But having them expire without an outcome on PEP11 licence is unreasonable. Should they expire, and then PEP11 be approved months down the track....well that would absolutely be a stiffing for holders....and the company would also forgo a sizeable chunk of conversion $$s.