GNPEOU,i notice you still never replied to my post -FWIW - i'm...

GNPEOU,

i notice you still never replied to my post -

FWIW - i'm still not exactly sure that being an "option" holder is in fact a "member" of the company....

That is the risk of holding options - until the point they are exercised & converted you are simply holding a an "option" to become a "member"....

Not that i think the company has really managed things well as a whole but i still think your trying to strike wet matches...

I'll stand by the post below - your actually in a much better position than many stocks where the task of writing off the options and then buying fully paid shares at a much higher price where as here the entry level can't get any lower.

But on that note theres alot of much better oportunities in the market IMO - sometimes taking a loss bites - but in the end thats the stock market - play high risk for larger returns and sometimes you have to take the brunt of that high risk venture.

Just my 2 cents






http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1477247&msgno=6810971#6810971

why don't you just take a tax loss and buy back fully paids onmarket @ 0.002 at these prices there really looks very little point in them re-issuing those options...

the only logical way it can really be viewed is you want an extension so you can P&D them at some point - if you really ever had any intention what so ever of converting those options at 2.5c you would also have no issue with buying those fully paid shares right now @ a 90% discount to the expiry price....

If they re-issued them to you in a non-quoted listing meaning you are unable to trade them but still held the right to convert them at 2.5c sometime in the future would you still be interested ?


I'm not a holder of any stock just observing