Hey guys, I plan on heavily shorting a stock that is just going down the drain. I did some research on it. Public findings showed the company plans on offering "stock option exchange program". All I know is so far is it means the stock will be "repriced", but I don't quite understand the technicality and direct purpose. I've looked online for answers, and couldn't find a clear-cut explanation of what it is and how it works. Can someone shed some light on this?