re: holds ags The options dilute the NTA to the midpoint of $1 (the exercise price) and where the NTA is when they get exercised. So if the NTA is $1.29 come January the NTA after exercise is ($1.29+$1.00)/2=$1.145. This assumes every last option gets exercised.
Also because of the DRP there are now slightly more shares than options so the NTA wouldn't drop to the half way point but it would be very close.
