Over the weekend I noted that the last Appendix 3B had an error in the exercise date of the ordinary options.......it was noted as 31st Dec 2011....I am sure that the correct date is 31st Dec 2012.
I dropped a line to SC noting this error and took the opportunity to raise the question of changing the exercise date from 31st Dec to 30th June to line up with the same date that the Directors are able to exercise their options.
From my perspective I reckon that the options would be a shoe in if the date was changed and would be quite happy to make a payment of say 0.005 cents per share to facilitate this change. This would also enable EMS to raise approx $267k cash which would see them through to to June 2013 when they could raise a further $2.6M on conversion of 53 M options.....not forgetting a further $1.3M when the Directors also convert their options.
Just a thought.
kippax
EMS Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
