Quote Originally Posted by CJ View Post
NOt sure if it is MEL or the Govt but some one does. If you dont exercise, they will sell on your behalf and then seek any shortfall from you. I guess this comes into play only if the IR trade below 50c as otherwise, they will recoup enough from the sale of the IR.
Agree... but I think the IR would have to be below 0 for this to take effect. IF they can sell the IR to a buyer even for 1 cent.... that buyer stumps up with the 50 cents to convert to a share. Lets hope it does not go this far.