what to do, page-6

I'm not sure the 670M options are that much of a detternt. Firstly 8c has to be paid by the optionholder - so it's only the premium above this that costs an acquirer money. Secondly - even it they bid 18c/sh t/o - that's an extra $67M - I'd think they could easily factor that in instead of paying say 24c/sh after the ops expire. It's a long time to wait to save less than $100M - and the longer they wait the more of the $62M cash will burn.