The options were never supposed to be issued at the AGM. The vote was on whether to allow the company to issue options.

So did they vote or not? This is the question.

I assumed that you already knew the answer since you said you listened to the broadcast. A vote was taken at the agm and it passed. This yes vote allows the company to issue a new set of options as outlined in the material sent to all shareholders. You mentioned you are a long time holder so you must have received the material.

I disagree. The options will be set by market rules governing the price that day they are issued.

Are you positively sure about this?

Yes I am pretty sure. The company will usually set the price at fair market value on the day it is issued. If the stock is .25 the option will be set at .25. Sometimes companies set the price actually higher that the price of the day.

This doesn't make sense to me at all. They already have all the clarity they need. I believe it is common place for the BOD to hold a meeting after the AGM. The issue of options would have been discussed there and the decision on how many and at what price has probably already been made. I can't be sure but I think options have to be reported no later than 10 days after they have been issued. It might be 2 weeks but no later than that.

Your still not sure either. This is why KRYER asked whether the options were priced.

So nobody really knows and you don't either. Until then we wait.

I think you misunderstood me saying this doesn't makes sense to me. I was refering to what you said not Kry or Fung. You said "Maybe Fung is waiting until they see more clarity on this settlement/agreement or arbitration."

I don't think Fung or the BOD are waiting for more clarity to decide on when to issue options. I think they may already be issued when they had there meeting after the AGM. To suggest they may want to wait to issue the options at a time that suits them when they have more clarity/knowledge of what is going to happen is an inaccurate insinuation.

There are rules that govern all companies and I believe that Kry has followed the rules to the letter. To suggest Fung might be doing something other than what is in the best interest of the shareholders doesn't sit right with me.

Perhaps I'm taking your meaning the wrong way. I certainly hope so.