so you agree. so help me. where does it say the underwriter has to pay more than the conversion fee? I've not checked but that's unusual. and therefor I don't think there is any upside to the underwriter selling the options down to pay 1c. UNLESS you want to argue they want it to go down so they pick up more to convert. ie less holders convert. ok. but that's still just 0.011
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- Ann: Notification of Expiry of Listed Options
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