Stlamc, Cheers!Blackdog,Nice find re:pg 41. Still wonder what...

Stlamc,

Cheers!


Blackdog,

Nice find re:pg 41. Still wonder what Rob Douglas' role as director is though.

Re the options: note pg 8 of the notice of AGM which I found this afternoon.
Clause (b)(iii)
...if the company ...disposes of more than 50% of its assets before 1 September 2012 then the Tranche 2 options:
(A)may be exercised at a price per option equal to the VWAP ...over the 20 trading days starting on the 21st day after the sale...; and
(B) may only be exercised when the VWAP ...over 20 trading days... exceeds 150% of the exercise price as calculated in ...(A)above

So if a sale goes through now, the options have a variable exercise price of VWAP of day 21 to 40 and can only be exercised when the price is 150% higher for 20 days.
Not sure what difference this makes - I'll have to think about it. Just thought there'd be a few people interested.