Why aren't the options stepped so that each year the excise price increases so that the share price has to increase for them to be in the money? eg .89 year 1, 2c year 2, 4c year 3?
I am sure that most holders over the next year or two have much higher share price expectation that 2 or 3c.
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- Ann: Award of Incentive Options
Ann: Award of Incentive Options, page-31
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