Ann: Offer to RLEOA Option Holders, page-25

Given I hold the majority of heads aka actual voting rights in this company (please remember people who only hold options to buy the company actually aren’t shareholders in the company they only hold an option) the fact that the option A are potentially not going to be converted means less dilution of my shares.

I think people are missing the point fundamentally the resource is good, the wells have produced reasonably well with room to improve options are just noise.

Most posters here who are complaining about the option A expiring had at the time bought heads would be in profit (except if you bought Options during the exactly 5 day pump prior to the credit raising).