Questions about the cap raise, page-6

That was my view several days ago. A Morgan's employee ( who is also one of the T20 ) shared this same view at the AGM.

Anyway, I've just put my order in for $15k in the SPP.

One thing to bear in mind is some risks and considerations associated with holding options:

1. options generally have much lower liquidity than heads ( volumes are lower and there are fewer buyers - often this is just awareness )
2. if you intend to exercise then you need to do so several days before the expiry date
3. I'm not an accountant, but I understand that you reset the CGT clock when you exercise them to buy shares ( options and heads are two distinct assets )
4. if a takeover offer occurs, you will need to exercise the options ( otherwise they could become worthless )
5. plan out when you are intending to exercise ( there can be a rush of people selling a portion of their options before the expiry date to fund the exercise cost )
6. if you only hold options ( don't hold shares ) then you don't have voting rights