Blind Freddie could see that with the option expiring worthless...

Blind Freddie could see that with the option expiring worthless their chance of gaining capital; again through an option program worthless. I tend to wonder is certain board members had not got an attractive option to obtain options, would they have bothered to pursue  this creative ELF , hence one could assume their interest payments, could be under another creative program??
 a creative scheme would apply so they be less effected, similar to their creative bond program.What a wicked web we weave when one tries to deceive?????One could also assume, these   loans would be through a certain persons connections??
Now the company have ask ELF holders if they think this creative scheme would benefit the company in setting it up with other companies.My take the company extremely naive to think that screwing option holder for their own failures a creative idea--to thrust upon others!!
Their so concern about ELF holder they could not wait till the up coming March 31st,2019,
which if worded correctly would cause a considerable re-rate so investors would not have top ring for clarification. As 1 holder said if ann correctly worded we would be trading at a higher S/P?? Wordings like Shouting are important?????No wonder house bonds are only cash--to avoid any CONfusion???????