well you will get 1 option for every 8 shares so ~13 options which you can exercise at any point for $35
I'm really not sure what this does.......perhaps it meant to keep existing shareholders around (i.e. why would you sell your shares at $22 if you believe that it will rise above $35), but it could have the reverse effect once it starts to get close to $35 and likely to put somewhat of a ceiling or at least a drag on the shareprice once it starts going above $35
I'm scrathing my head given they are well capitalised, are not doing any further investments, and also potentially a buyback (arguably that my be a half decent idea if they progressively do buybacks below $35 and then issue new shares at $35 when people exercise their options)
MFG Price at posting:
$21.70 Sentiment: Hold Disclosure: Held
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