"All the information I can find regarding this on the boards indicates that Menon/Ehrlich may not exercise these options and they only exist to allow them to retain control of the company if somehow they otherwise lost the majority stake in the company. I could not find any indication that this was the case from company documents. Is there anyone who can substantiate this?"
To the best of my recollection that general reasoning was indeed mentioned by Management in the back and forth with the authorizing agency. I have long since lost the link though, so let's just put a big ol' IMHO as my supporting documentation. I imagine a decent command of Google and several hours would probably turn up the document if you so desire. I am not inclined to repeat the effort myself.
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