Perhaps to bend the ear of management to move away from high grade areas.
Let LOMO's expire worthless, but exercise their entire LOMO holding on the day of expiry.
Good way to make sure the only dilution occuring is to everyone else and management get a large portion of the options exercised putting money in the coffers.
Just a possibility, but you have to think strategically. Similar event happened to NXR in the not to distant past. SP doubled following the event.
diamond news, page-1040
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