True. I went through this process recently with another stock. Ample time was given to option holders to convert to heads for participation in a CR/SPP.
It's a win for the company to give time for option holders to convert during a SPP as it:
1. Raises capital through exercise of options
2. Increases depth of holders.
I exercised options recently in another stock. Very easy process; emailed the form and EFT. Took 2 days for the stock to show in my account. It took others 1-3 weeks if they sent cheques and/or processed the form with the Share Registry managers. When the time approaches the exercise date, I will contact AVL to have the form available on the web site with corresponding bank details; if they have not done this off their own bat. It just makes the process more efficient for the company and holders.
Personally, I am only buying options ATM due to leverage and will only consider conversion as the exercise date approaches and/or there is a SPP.
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1.6¢ |
Change
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Mkt cap ! $133.8M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $24.81K | 1.558M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
70 | 13004077 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 7304018 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
70 | 13004077 | 0.015 |
78 | 50774590 | 0.014 |
27 | 8339240 | 0.013 |
20 | 7849998 | 0.012 |
12 | 6127388 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 7304018 | 17 |
0.017 | 11208610 | 32 |
0.018 | 7646064 | 18 |
0.019 | 2920062 | 8 |
0.020 | 13811194 | 18 |
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