I think your response to the original poster and comments...

I think your response to the original poster and comments regarding management team were both a bit rough.

I dont think anyone here has been praising the management for exceptional management but this is a spec stock that by all accounts has been run reasonably well with management taking advantage of the share price when it is high to reduce the risk of needing to potentially raise at low SP's if things dont go as expected.

I cant remember any company that has issued options that when they have been close to expiry have them underwritten them at a later stage but would be interested to know if you can provide examples of spec companies that have?

If the company ran out of money before the options were due to convert and they had to get a loan or some other instrument at terrible terms would this have been in the interests of shareholders? Would the Options have still been in the money had this occurred?

I think Option A holders (myself included) would like to have seen them in the money and there is still time left for this to occur but is unlikely. I will hold my options till expiry and if by some miracle they do get in the money i will convert but as stated before i didnt purchase additional OA due to the risk attached to them.