Correct,options not exercised lapse.
Although they are well in the money.lost absent shareholders could mean upto a 5% shortfall.
There may only be one or two days left to trade the options.
Directors could suprise with announcement with new deals as previously mentioned----NOW WELL OVERDUE.
Option conversion has seen heads go to 4.4 and opts to 3.0...possibly now well oversold
options excercise process, page-19
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