getting close, page-5

Oppies will also be consolidated as always with consolidations. So you will have less of them and the ex price will be higher.

With regards to them being in the money, they were struggling and probably still will be. Long term the shares will go higher, short term we are relying on averaging down via an SPP.

Typically, large scale recaps like this will at some point involve a 1:1 rights issue for your options. Basically they lets your MHLO expire hopelessly out of the money, but compensate by issuing replacements. In effect extending their life. Often changing ex price in the process.

But they cant do that until the options have already expired.

Also we will need to vote and approve the Trinidad deal. Not that we have much choice. So, their could be a resolution specifically about the options.

My tip is MHL resume trading but MHLO remain in trading halt.