one must not underestimate the selling pressure shareholders introduced by approving the options.
the options turned would be investors who might have held up to the 3’s and beyond into short term traders who can still profit sub 2.5 if they sell their options too.
additionally the options introduce further selling pressure and a dilutionary risk for new investors if converted.
hopefully shareholders consider the implications carefully the next time they are offered the choice of whether to give away options or not.
ADO Price at posting:
2.6¢ Sentiment: Buy Disclosure: Not Held
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