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20:38
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Originally posted by dandman
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I agree. obviously management want the 20.4 mil in the bank as of April 2016. in order to do that they not only have to keep the SP above the strike, but create enough demand for the stock once exercised. 68 mill is a lot of stock for the market to soak up. all in the next 6 or so months.
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I was under the impression that the options were renounceable. Looks like applicants have to use them or lose them. given that I would still suggest the management have something up their sleeve to increase the pressure on the bid side.
