Are we on the same page gman? No one will convert the July 20 options now. Why would they?
They can't be "forced" into it. The only thing that will do that is the SP being > 1.5 cents. So they have forced the hand by giving heads holders another dose of "rights". Well my guess is that many won't take them up as ZX alludes to. Then management and associates speculatively could end up with a large dose of the company, which is only any good to them if they succeed at doing something right, eventually. There is always a reason not to cave in and sell, and they know that, but the dilution of not taking up rights is getting very tedious.
Anagrelide, page-86
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