RE: RE, DS not taking up options3 Nov 2023 11:56
Tygra - Maybe others didn’t exercise their options, because this isn’t a slam dunk.
These are very uncertain times, with ever changing requirements and hurdles to deal with.
Maybe the option holders are willing uncertain in regards putting in additional funds.
The options can be taken up whilst in a closed period, but then can’t be sold until out of the close period.
Maybe the company were advised that extending again would not be correct and as such pay up or let them expire.
But surely we can all agree, that if there has been a material change in regards the potential sale of assets, the BOD and advisors have an obligation to inform the market.
They won’t sit on this information, the reputational damage done to advisor would be far to great.