havent seen this since cudeco , page-44

I would be rather concerned if EVG extended the expiry date of the December 09 options.

For 4 reasons:

1. It would not seem fair --- people bought or sold on the understanding that they were to exercisable at 25c each on or before 31/12/2009.

2. The fact that Brian Johnson has been buying them --- that would seem inappropriate to me for management not to have announced its intention before any such in market action.

3. In December 2006 Brian Johnson was “granted 40,000,000 options ex @ .25 on or before 31 Dec 2009 -- Allotment of Options over shares in the Company as disclosed in Prospectus dated 21 November 2005 for rights and liabilities to utilise the Albion process under the Exclusivity Agreement” --- their would appear to me to be some incentive attached to these to get the project up and running prior to the expiry date --- for one reason or another this didn’t happen --- management should take responsibility for this.

4. The legal implications of such an action


That said and done ---- I cannot see them doing it.

Brian seems a fairly straight forward honorable soul ---- a company’s reputation and that of its management is an important ingredient if you want to maintain shareholders confidence and loyalty.

But then who would buy an option to purchase share for 25 cents in December --- when you can buy on market for 8?