You might misunderstand what PO short hand is for .It is Peak oil.As NZO is just a NZ company they certainly have no control over the world oil looming shortage,so i do not understand what you mean by NZO PO details.
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I have been thinking about this one since you raised the point.My conclusion is that it is a hugh can of worms.
Firstly if you were a bush laywer like myself you could argue that you are entitled to off market sell these options to a buyer.The buyer would then submit the exercise monies before the close of 30 june and eaisly have a case that the shares belong to him.Now the real reason why option trading ceases before the exercise date is to give the logistic mightmare of sorting out who owns what a time to sort intself out.
Options trading ceasing on monday 23 I would argue is a misrepresentation of what you in court could claim it to be. It really means that NZO through the stock exchange will no longer monitor who owns what after that date.If you can sell or find a buyer i personally believe that buyer could claim ownership of the new shares if all the normal requirements are met. Now the hugh can of worms is this. The first sellers are likely to have real options and can and will deliver to the buyer.After that the slippery people quickly pick up on it and with no monoriting the buyers pays out for options that do not in fact exist.
I believe there is a case to due what i have outlined but the buyer will have to do all there own research that the seller really does have these surplus options.
While this sort of thing suits the bush Lawyer type i will not be taking it up as i am fully committed.Such an arrangement would be best between two people who know and can trust each other.
I should think that nationally and internationally NZO would be flattered if it took a court case to sort out if this new buyer was entitled to these very vavaluable shares.
Over to others for comment.
What a dummy i am??? My broker from hamilton just rung up and i asked him. He said yes you can and and it is no big deal,but it does complicate things and drags out the processing of applications but it is still legal as long as all the normal requirements are met.
What a dummy i should have asked it the first place. When all else fails read instructions.
Foryth Barr in Hamilton is happy to handle the details.See Roger.
Think he must be down the bank giving them the Digger education line on Peak Oil, NOG, Pike, Kupe, Momoho etc, could be a while before he is back at his computer and buy then the bank will have fronted with the cash and he won't have any options left for sale !!