RT wrote:
"There are 4 types of options that have expired:
| $0.78 |
650,000 |
| $0.97 |
635,000 |
| $0.78 |
350,000 |
| $0.85 |
200,000 |
The only combination that adds to a million is the $0.78 options. We should see the other ones expire soon (hopefully). I think they kept the option price out of the news release because they knew it was a tactic that would anger shareholders."
The NR is terribly uninformative and confusing; I guess this is not new and it's causing anger and frustration.
As RT indicated, 4 batches of options technically have expired, these all have expiry dates in 2012. These options total 1,835,000 and ranging in price from $0.78 to $0.97. Except for the 635,000 shares at $0.97, they are all basically in the money.
Like many have said, they should either be exercised or allowed to expire; especially since they are in the money.
The NR should have indicated which batch of options are being extended; it should not try to cause confusion. What the heck is the purpose? Like I said, this is not the first time we have been given confusing wordings in a NR. Can they not find someone who can write clear, concise English or is that asking too much? Or is the confusing NR intentional? Sorry for the rant. JMO
