If Second is right - and I can't understand how he wouldn't be -...

If Second is right - and I can't understand how he wouldn't be - as I have posted before - people make decisions to buy and sell options based on the time value (as well as the intrinsic value) - how can an investor be expected to bear the risk of this decision if the company can simply extend the expiry date willy nilly - needs SH approval but what SH wouldn't vote for it in our circumstances ?  RLE has stated it is considering to extend the OA expiry date by 3 months.  Great for me if it can - I bought some more OAs earlier this week when the heads were 14c - but surely they wouldn't go into print if it is against the rules ???  Surely the ASX would pick them up on this ?  Or is the ASX asleep at the wheel ?  Grounds for a class action ? Ignorance is no defence ?
Apologies for rambling, but I have quite a few OAs now and would appreciate some definitive advice on this subject.