In light of the last TWO issue of securities notices on the 19th and 20th July , and for the fun of it folks , let's mix the discussion up a bit.
So in no specific order ......I give you the Top 10 reasons you would want to convert your OC and OD options NOW . Feel free to add some of your own :-
1.) You don't have any heads and want to consolidate your small holdings of Options into heads so as to make a SELL decision in a more liquid market
2.) You want to ' round ' your holdings up to a great number pending any expected future consolidation.
3.) You've sold your heads for realization of gains or losses and now want to do the same with your options .
4.) You have such a small holding of options , you would rather convert them now save a consolidation which would almost make the physical quantity irrelevant and nondescript in you overall stock holding balances.
5.) You have a much larger holding of options and are only converting some to ultimately raise some small amounts capital for living expenses.
6.) You have a larger balance of options and are endeavoring to ' self promote ' the significance of converting now in the hopes others will follow suit.
7.) You are an employee or inside of Sayona and due to the fact you have NOT received your employee performance shares yet , you have decided to help the company in your own way by converting your options to ' in the money ' shares.
8.) You have the money now but are not sure where you will be financially in 1. to 1 3/4 year so thought you would convert now rather than wait and thereby using the extra funds you know you have now which may not have in future.
9.) You're dyslexic and are insisting to yourself a set number of shares which cannot be an uneven or odd number which you are planning to set straight from a combination of on market and SPP purchases PLUS the conversion of your options.
10.) You just don't understand the options or their terms and so would rather hold shares in lieu of this inherited asset class which you obtained from previous SPP participation's.
(20min delay)