Hello everyone! I am following this board for some time now and here is my first message. Can someone please enlighten me, why would someone exercise his option when the price is so low? The strike price was $0.49 with a share price of $0.56 if I remember correctly. I see no point in exercising here if the option expires in 2014 (in more than 2 years!) unless you want to sell immediately for a very small profit, if any (I don't know how much he payed for the option). So has anyone an explanation for this because it makes no sense to me.
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