With the options expiry date set at 30 June 2010, and if the VIL share price does not reach above 10c. Would there be any chance of the company extending the expiry date ? And if so. How much prior notice would the company give ?
Also. What is the normal chain of events to happen to options as they near their expiry date, for either scenario if the share price is above or below the exercise/conversion price ?
So with VILO price this morning at 1.2c, the share price would need to go to at least 11.2c by 30 June 2010 for it to break even. Is this correct ?
Cheers --Dan
VIL Price at posting:
7.2¢ Sentiment: ST Buy Disclosure: Not Held