I agree that there is no harm in sending out such a notice but this is not normal business practice. In 30 years of investing and holding options in quite a few companies I have never received a notice of this nature 13 mos out from the expiry date. The moment I received it I quickly checked the expiry date on the options (just to be sure) and once confirmed I thought it very strange to send it out so early. I am not surprised that some holders think that there is some other motive driving such a move.
Ann: Letter to IMUOA & IMUOB Option Share Holders, page-35
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Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 680013 | 6 |
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