For what it's worth have accepted the offer and paid for my options immediately. While I know the market depth can change (and most likely will once the new options issue), currently for me to buy on market the same number of shares as I will be able to receive by converting options my buy price will be well into the 40's. For a relatively small outlay I've now hedged my position. Furthermore, I believe the LOM story so if my conversion of options (and consequent contribution to LOM capital) helps bring the story to life (eventually) then any short-term pain (for me) may bring the long-term gain that I am invested for. To each his/her own of course.
LOM Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
