Well a good management team would put a deal together for option holders to purchase an entitlement for a new batch of options but OEX have been not really on shareholders or option holders side in recent times. Realistically they should have sorted a new batch of options when the did the last capital raising but now I just think it is too late. It is a hard pill to swallow but anyone buying options know these are the risks as technically the option holder has no say in the company until they convert them into shares. OEX management know this so they can wash their hands off any culpability in ticking off another group of potential investors.
Now we have more dumping this afternoon heading back to the 5 cent range and possibly lower. It is funny how this share was trading upwards of 20 cents over a year ago on less information and at these advanced stages if we believe OEX market releases the share price has stalled and plummeting into a dark abyss. Lack of confidence in OEX management to deliver is more likely the culprit than fundamentals alone.
OEX Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
