To do the options, maybe the company has rung up the top 20 holders to see weather they are exercising all of their options.
Once they know that, they don't have to underwrite them at all and hope the rest will take up theirs....
Just a thought...
Bit disappointed still no updates from the company, but at least we got some sort of update from the community news paper. Its a start in the right direction.
Good luck to all!
Ann: Letter to Optionholders , page-3
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