The oppies are getting into the price level where it is not...

The oppies are getting into the price level where it is not worth the bother to exercise them.

I think the LRF buyback strategy needs some modification.

Since there is selling pressure on the shares anyway with the options at a discount, it would be far better for LRF to quickly push the battle line a bit higher in the price range. Say around 1.10 or so.

The underlying value of $1.26 fully diluted should justify this anyway.

Perhaps they plan to do this closer to the 12 January.