Hi Lefevre, sure I understand if not all the options are converted that Cygnet would get less of their 6% fee & if only Cygnet were to convert their 5,000,000 shares they would receive only $60,000 cash & their 5,150,000 FPO's.
That said, am I wrong to think it possible that Cygnet could receive as much $290,887.82 cash back plus 150,000 FPO's if all of the 24,240,652 options were to be converted?
I'm sure the KDRO holders would have appreciated a 6% discount when converting their options and a few more free FPO's for good measure would be kindly accepted.
KDR Price at posting:
20.5¢ Sentiment: None Disclosure: Held