It raises the question: 'Did HQ expect drilling results to get the major part of the options converted and when that did not happen, it went to Somers for help?'
I hope not (and think not too), but the sequence of events has that as being a possibility.
Another possibility is that Somers approached HQ for the opportunity to get more shares for clients seeing that many Options were unlikely to be converted. That would be more appealing to me! The ann said:'...supported by existing shareholders........and institutional investors...'. This suggests to me that Somers went to AUR forearmed ie knew that is had the numbers!
