St,
Asra did. There options expired and they issued a new series to option holders at 0.1 cost per option.
It does 4 things.
1. Shows loyalty.
2. Provides future funding.
3. Brings in money early.
4. Importantly - does not alter shares on issue.
The issue here, is if the government approved, the options would be in the money, many already exercised and funds already recieved by the company.
It would be grossly unfair, if the option holders get screwed due to government unscrouplious actions.
Shareholders would need to ratify the issue.
St,Asra did. There options expired and they issued a new series...
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