MOD 0.00% 42.5¢ mod resources limited

I can't see why they would be exercised? Can someone enlighten...

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  1. 257 Posts.
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    I can't see why they would be exercised? Can someone enlighten me?

    Only thing I can come up with is
    - Valuation of shares higher than on options on takeover
    - they want more voting rights
    - board representation?

    MOD is fully funded for now so they don't need the $$ either
 
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