@Hunterr
Bloody hell…..
If a buyer comes along and wants to buy race for the $20 you talk about. They are buying all shares on issue along with any options. The option holder will get the buyout price of $20 less the strike price of the options (as I’ve already explained).$20-$3.30= $16.70 Damo and others will get in their pocket before tax.
If options are converted they become a share and would get $20 and if that share is owned for 366 days they’ll get a capital gains discount.No capital gain discount on unconverted options as they don’t technically become yours until converted to a share on buyout. I’ll probably confuse you more here so that will do.
So many people have explained it, so if you don’t get it by now you never will.
Ann: Letter to Shareholders, Notice of Meeting & Proxy Form, page-30
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