What they think the price might be is a time value issue. The key is that the new strike price set for old contract options should reflect that the 406 million new options, together with the existing 203million, don’t change the total exercise value. It also sends an important message that option prices are safeguarded and there is no capriciousness in the BOD. Also, there are lots of options they would rather see exercised than not.
E2E Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held