options conversion, page-5

In my impression punters bailed on the options a little early. The buy market disappeared when they were still in the money, and in six weeks anything can happen. Maybe it was due in part to the company's letter to option holders prompting holders to think time was up. Now it seems no one wants them. I've seen it happen before when they were never going to be in the money in time, but these were in like Flynn.

Lairy

Disclosure: I only hold KDRO, no heads.