These options as they stand are dead in the water just as the options were last year when they expired only to be rescued by a priority issue which are now the EMSOA options. From memory I think we paid 0.005 for these rescued options.
It is now definitely a risk V reward standoff for any oppie holder who may take the gamble to increase their holding... will EMS repeat the issuing oF Priority Options again or will they be allowed to fail?.. we will not know until sometime very early in the new year and hopefully before the final report is issued...and at what price if they are issued?...I would hope it would be in the range 0.001 to 0.005 cents and maintain the excise price at 0.05 to ensure more or less parity with the Directors holdings... excise date to match the Directors.
And what are the rewards to convert these oppies at the rate of $5000 per 100,000 oppies? Hopefully a significant multiplier assuming a good final report and if the report is a dud...zilch.
As I say its all about risk, reward and how much the Directors want to support the long term holders because in the main these are the guys who have helped keep the good ship EMS afloat.
An interesting couple of months in front of us I think.
kippax
EMS Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
