EGM's before expiry would damage shareholders as well as optionholders should it mean the options are not converted.
Assuming 100% allocation to COGs, at 70% margin sales on $10mln, at PE of 20, option conversion alone could equate to a share price north of 40c.
Regardless, I see the most pragmatic and positive approach for the LMIG being the submission of a list of specific questions and concerns includinding why they are being asked and a comment on the desired outcome.
I'm sure the CEO would be open to such queries if she were approached in the right way.
The CEO has built a huge amount of value in the company. I think the frustration is around the lack of response from the market and the frustration is being taken out on the CEO.
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