The Company suffered delays in the product supply chain...
But they only told the market after the event...in the quarterly by memory?
This delay resulted in a set-back of timelines...so when people were buying shares (and options) prior to the quarterly (based on Company guidance), they were actually doing so unaware of the current situtation.
Not a problem for buyers of heads...they just have to wait a bit longer...but terminal for buyers of short-dated options.
Given their actions, the Company should do the right thing and offer recently expired option-holders replacement options...just as GTE did recently for their expired options...and other companies have done in the past when timelines are effected by various events.
In case you were wondering...Yes, I was holding a swag of their 4c options.
Cheers!
ALT Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
