Ann: Offer to RLEOA Option Holders, page-16

Hmm got it wrong on my very quick read of the announcement on my way out of work today.

Gaurenteed OB at 1.9 2 for every 5 held and the last trade price was over 3c? Seems like a good deal for option a holders that were going to be potentially left with potentially worthless option a’s.

If the option a’s get into the money in the next couple of weeks my take we is also we get to double dip? I.e we don’t have to give them our A’s to convert to B’s?

Also for all those people that emailed about the company trying to get an extension on the option A Atleast you now have your answer.