I have been burnt in the past with options lapsing so understand how you feel. The reality is that most companies are not that concerned as originally most options are given as bonuses to the original holders. There come back would be that you had the last x years to trade them out and make money. If you just bought in then this very risky.
If options work out its good for the company as they would get more cash. I am sure though that if the oppurtunity to pump up the price with news existed they would release it.
Good luck to you.
KSX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held