RE:Outstanding AII sharesAt this point all options and warrants I know of are out of the money, and so are unlikely to be exercised, or they would have mentioned such extensions in the merger argeement. There may be transfer plans for Employee Incentive Stock Option plans, but regular executive grants and such would NOT be continued. More likely they'd have to come to a seperate agreement if they wanted to say on with the senior entity. There may be some such arrangements, but I would have expected those to be disclosed as well.
Hopefully they're not making secret codicils to the merger agreement and not ntelling us about them. Disposition of oustanding options and warrents is NORMALLY covered in the merger agreement.