Don't worry about what the directors might do. Look at the...

Don't worry about what the directors might do. Look at the company and why you invested and see if anything has changed.

KSXOA's are still in the money...even today. They may be below the price you paid, but they are still in the money.

As of today, option holders have 3 choices:

1). Take the risk in 'hoping' for a rise in the sp over the next 25 days so you can flog the oppies off. Downside is this doesn't eventuate and you lose everything you have invested in KSXOA plain and simple.

2). Spend the next 20days trying to raise enough money to exercise as many as you can - but only if you see further upside to KSX in the future. Downside is the cost of any interest on your loans (if any) and the net capital loss on those you didn't exercise and of course any further falls in share price on those you exercised.

3). Flog the oppies out now, take the hit and start again.

The longer you rely on the market to dictate your options expiry plan - the worse your outcome (as a general rule only).

Personally I'd be going for option 2, because come July they're going straight through 50c (my opinion only of course).