> A liquidity event wouldn't change your number of options in general. If you had 200k options before the liquidity event and you didn't sell any when the event

> A liquidity event wouldn't change your number of options in general. If you had 200k options before the liquidity event and you didn't sell any when the event happened, you still have 200k options after and their strike price doesn't change. It did change. A new higher strike price was set and the share count was reduced so the $ value was the same in the end. > Your stuff about the multiplier effect is not really how stock trading works. Market professionals think in terms of percentages in general, so having a stock go from $3 to $60 is exactly the same as having it go from $0.05 to $1. Sure, the percentage is the same but isn't it "easier" for a stock to go from $1 to $3 vs $100 to $300? The 2nd one means the stock's value needs to jump by $200 but the first one is only $2. It seemed like a mechanism to control the multiplier effect from producing a very high return.