Yep obviously if the heads were 2.7c then that’s a no brainer. I was more thinking closer to the strike price next year. If you are choosing to convert options then you are basically buying heads in the company. I’m just saying there are other factors than the price which I will base my decision on. Plus, nobody knows the difference between the heads and options B,C & D at conversion time in the future. The gap could favour one or the other significantly.
LPD options LPDOB LPDOC LPDOD, page-87
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