Even if the FAS/GWR takeover doesnt go ahead - every year FDY will be picking up more and more options anyway - from doing other future corporate business.
As you mentioned given FDY's small market cap - these options will accrue and be a significant bonus (maybe even passing FDY's current market cap. over the next 2 years) on top of brokerage and normal corporate fees it earns.
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- continental goldfield reply to robancoll
FDY
findlay securities limited
Even if the FAS/GWR takeover doesnt go ahead - every year FDY...
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