the “strategy” will make sense for some people as long as the SP is above $0.75. It’s a little lick of the ice cream for them.
yes I understand the 20:1 entitlement - if it wasn’t clear, I was suggesting that someone with 100,000 shares might convert their 20,000 options and then sell 20000 shares.
for transparency, I will just sit on mine until expiry (or interim takeover).
Ann: Bonus Options Prospectus, page-69
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