Welcome Back!

Basically, those options expired on 1/1/2010. Normally those who forgot to excercise them before expiration would have gotten either a "forced excercise" (if cash on account available is there) or they would simply be removed.

There is now still ~196k unexcercised, expired options.

The reason your name came up is because you're the major holder (and btw you acquired all of these only few weeks before expiration), so I was assuming Cocky was waiting for you, but if we're not then we're waiting for Cocky. (either way you should decide what to do with those asap).

itchygamba wrote:

... maybe sell them again with a new purchase/strike price.

That would actually constitute a breach of contract.

Either they are to be excercised at 3.25 L$ / share or they are to be "destroyed". New options with new purchase/strike price may be issued. But those new options would first have to be created, and then sold to investors, we can't change current options contracts, that would be just wrong.

Last edited by AndyGrant (2010-01-25 20:43:06)