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.
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $120.8M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $31.36K | 2.239M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 12014392 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 11079390 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2945 | 0.015 |
10 | 12112973 | 0.014 |
27 | 7679415 | 0.013 |
25 | 6556231 | 0.012 |
13 | 5502381 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 2944 | 2 |
0.015 | 11195742 | 43 |
0.016 | 16598024 | 23 |
0.017 | 9022166 | 21 |
0.018 | 5454118 | 13 |
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