Quote from: kosmokramer on July 09, 2013, 03:32:26 PM

I have options that I've purchased that I've been waiting to execute for AMC shares - how are those affected now with this new merger?

How long will trading be an option on the old AMC shares (as opposed to the new ActiveMining)? I assume as long as we can trade them, we can execute options on them.

Quote from: kslaughter on July 04, 2013, 06:23:28 PM

Quote from: Surprise on July 04, 2013, 06:16:31 PM

Quote from: kslaughter on July 04, 2013, 06:12:54 PM

Quote from: lolstate on July 04, 2013, 06:02:51 PM

Quote from: Surprise on July 04, 2013, 05:29:07 PM

Ken - I believe this operation will be a success and I've bought a lot of 2-3 month call options to AMC shares. I'd appreciate it if you take guys like me into consideration when setting the expiration date for the AMC to VMC share swap deadline.

We need to make sure there is a way to make Surprise (and any others in this position) whole.

The first Google hit I found for what happens to an option following a stock split, is here:

http://www.investopedia.com/ask/answers/03/092103.asp

The answer might help us figure out a solution.

This is really not a stock split, it is a swap, 1 share of AMC for 1 share of VMC when approved for trading. The option owner are placing there bets and it up to them to guess right on the timing. As an option trader myself I understand their concerns.

I made the options trades before any of the merger announcements on the basis of the existing AMC description on both exchanges and previous statements from Ken on this forum. I'm concerned in 2-3 months there won't be anyone to buy my AMC shares or any way to exchange them for VMC shares. I hope I'm not going to get punished for taking Ken at his word.

I don't think that is going to happen, AMC will continue to exist for a long time to come. Even if the 10M shares where all swapped for VMC shares, AMC still has more to offer and will continue to grow. The only difference will be that some of the revenue from AMC will flow into VMC. I think it is a win for AMC and a win for VMC.

Granted AM will trade higher than AMC, but AMC should do fine as well.