Ann: Appendix 3Y , page-4

6c and 10c Chooky.

Very much doubt it's a "confidence" issue, as he could probably offload a half million 6c oppies as early as the first couple of days next week for a fifty percent profit, assuming he was a complete pessimist (which I very much doubt). It would be interesting to know why he didn't exercise them, but I guess that's his business. Agreed, it would have been nice if he had exercised them though. Little things like this can spook some people.