Ann: Appendix 4C and Quarterly Update, page-148

This is what I see, not what I want.........

VOR SP is following the option schedule give or take 0.001.

SP spikes on release of reports but quickly makes it back to the options.

Expect a spike on release of dec qtr as I’m guessing it’ll be higher than the estimate in order to get the SP closer to the Feb options of 0.015 (+/- 0.001).

Watch out for Sept 2020 as that drop will hurt ( from 0.02 to 0.00851

hopefully I’m wrong and the SP travels along an accelerated positive direction

hope this helps,

JMO, DYOR

Options schedules as per investor presentation