OK, the cut-off date is 12 Feb??
So, why would I hold the heads till March??
I can sell ALL of the heads after 12 Feb and STILL have entitlement to the "free" options. They are free because they do not cost us anything - like if you subscribe to a CR you might get a free attaching option 1:10?? So there is a "cost" there - subscription!
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Ann: Bonus Issue of Private Series Options to Shareholders, page-28
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