Well this is regrettable. they should not have been extended in my view the first time, and now a second freebee. I hope this does not set any kind of precedent where all options are extended indefinately. I am sure we all would like options, and have them extended if they dont work out.
I suppose this means that there is hope that Ontex will trade over $0.60 or so what ever the option is for in the next year. That will mean a stock price of over $1.80 once the merger is completed assuming we get the votes to do this.
Hopefully this merger goes through and we get some momentum as a significant player.