if options holders let their options expire - underwriter has...

if options holders let their options expire - underwriter has agreement to acquire all expired options and exercise for 6% discount

basically by putting into suspension options holders don’t know if to convert options to shares - company is screwing options holders royally

now underwriter who is friends with managment most likely will be in the know and will get expired options for free and pay to convert to shares.

so basically us little guys get left out of loop and screwed over