Re: Options
posted on
Oct 23, 2019 08:02AM
,,,acchhhhh,,,,,DrW didnt forget anything about option expiry,,,,,,,,the board of directors I believe are responsible for the restrictions around black out periods etc. If these options were left unattended then the board has previously made alternative arrangements with DrW for compensation. I know that if a securtiy closes in the money on an option and the price is within pennies of each other the option expires worthless and shares are not sent to market,,,,there is no reason for the BoD to restrict DrW from converting during a blackout period,,,they have the right to restrict the disposition for sure and that is being responsible,,,,!
I think it is more likely the BoD replaced these .72 cent stike options which expired as noted with other granted options or the restricted units possibly,,,,,,my best guess. Cuz nobody leaves thousands of dollars on the table unless they have one exceptional good reason.