exercising options, page-9

If you buy $10,000 of btvoa's at 2cents (500,000options) and exercise them at 5cents your total cost is $35,000. The deal going with btvoa's is that if you exercise them near the end of april(date to be ann.) you will recieve a free option for every share you exercise. These new options have a strike price of 5cents and time till 2007 to exercise. These options should trade around 3cents.
So you would have 500,000 share at 6.2cent =$31,000
and 500,000 options at 3cents = $15,000.
Profit $11,000 if share price stays at 6.2cents.
BTV at 6.2cents is VERY cheap so there could be alot of upside giving you big gains