So you don't really have any choices here right? You have shares that are worth 80 (in your example) and you have to sell them for 100? Kind of like when Elon bought Twitter at $54.20 per share even though they shares on the market were $36?
So your friend thought he would have to sell his options at the 100 price point but you think they'd be selling at the 80 price point? To be honest, I've never held options so I'm a little out of my depth here.
Yeah, no choice. All minority stakeholders have to sell regardless of whether they want to or not. It is part of the deal when we were given the first options and what people signed up for when they bought more.
Nope, they will be getting the 20. Essentially, they are saying the options are worth the shareprice, but they are paying overvalue, so those who have options will get the over part only.
Ahhhhhhhh, I see - that actually does make sense, you're kind of selling the option on... not exercising the option. That is understandable, but a bummer for your friend who thought he was kind of being forced to exercise it.
Thanks for clarifying!