Ann: Offer to RLEOA Option Holders, page-21

Ummm that would be incredibly risky and fraught with danger IMO, especially given that the OB's are likely to take a hit now too.

@olderwiser the OA's will cease trading on the 8th and lapse on the 15th. Given there will be time constraints to gain shareholder approval over the prospectus, an overrun beyond the 15th is inevitable to gain this approval but it doesn't give holders a free look as that would be akin to an extension and the ASX have said that's a no go. The pending approval doesn't change the status of the OA's as the proposed prospectus cannot take precedence over the previously approved criteria. If it's approved OA holders may partake, if it's not then they're done and dusted (not sure what the required approval rate is?). Anyway that's my take on it.