Pokerface...
In my mind they are undervalued...but at times it pays to listen to the market.
Something is going on here...either the market are prepared to wait till the last minute, hoping it will drift lower...in the meantime selling a few shares to fund their options purchase and in the process drop the share price further and by extension, drop the entry price on their options? or;
The market fully expects the shares to drop to about 5c...which is where they will need to be to equate to a current options price of 2.2c (the value of the free options)
Cheers!
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