"I have to disagree with your post. The options were issued to management to create shareholder value over a certain period of time. If they did, they could have exercised and no one would be complaining. However, they did not and shareholders should not be further diluted by the 2010 warrants being extended. Instead the 2010 options should have expired and management could have issued 2011 options. Instead we risk being diluted twice."

I'd certainly agree with your statement as regards to options. But the extension referred to in the last NR was for warrants.

I am not a fan of dilution either -who is, really? My point is that this event is not such a bad thing as 1) the exercice of warrants would bring anyways fresh money to our coffers, and 2) the extension in itself may well be an indication that the requesting holders of such warrants does expect a near-time rise of our SP, for whatever reason (which I believe is good, otherwise they would not ask for it).

My guess is that this extension was negociated as part of the last private acquisitions of shares and warrants made by JDM in late December.

GLTA.

BaBe.