It will burn all the option traders, but holders will get same term as new investors, so bulk of the options may still be exercised.
The timing is bittersweet especially after all those interviews/calls assuring that funds are good for awhile. The way this management does business, I think they will raise again next year unless the projects get parked. Ugh, I hope the takeover terms are sweet. I'm voting against the extras (excess of $19.4m apparently) if it ever gets there. Don't think it'll make a difference, but these high networth robberies are ridiculous.
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