May be, but seems like a legal can of worms to me.

Those with stock options not in the money could sue to reprice them as well.

And those with expired options and warrants could sue that those should have been repriced also, as losses were incurred because they expired worthless.

And what level do you reprice at 5 cents or 50 cents or 40 cents ?

If the stock falls to 30 cents, do you reprice again ?