True. I went through this process recently with another stock....

True. I went through this process recently with another stock. Ample time was given to option holders to convert to heads for participation in a CR/SPP.

It's a win for the company to give time for option holders to convert during a SPP as it:
1. Raises capital through exercise of options
2. Increases depth of holders.


I exercised options recently in another stock. Very easy process; emailed the form and EFT. Took 2 days for the stock to show in my account. It took others 1-3 weeks if they sent cheques and/or processed the form with the Share Registry managers. When the time approaches the exercise date, I will contact AVL to have the form available on the web site with corresponding bank details; if they have not done this off their own bat. It just makes the process more efficient for the company and holders.

Personally, I am only buying options ATM due to leverage and will only consider conversion as the exercise date approaches and/or there is a SPP.