Underwater options have been an ongoing issue for many companies. Some chose to reprice or regrant for reasons like employee retention (note shareholders don't have that same option). But depending on the repricing/regranting formulaes some were equitable. If they explained this was the pup[rpose and what they planned, you could vote with good information. But since there are no indications of a plan - just a quick vote- we are left in the dark and need to vote based on what we know.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.