Sorry if you were an options holder, and you read all the complaints on here for the last so many months and you believe the announcements re fda orphan drug application etc etc, how could you not like this news, I had written of the options along time ago, now they have a chance to be very valuable again, what’s not to like?
Ppl were very bitter when the directors involved in the last CR got a better deal on those options, looks like they have taken care of 20c options holders and listened to the criticisms to be fair.
This rarely happens, that’s the gamble with options, your taking a punt on the future SP.
Ann: Options Offer to Existing Listed Option Holders, page-36
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