hi inferic yep totaly legal you can pay option money to buy anything
real estate
shares
or what ever
Harley i'm with you
Its a good deal for anyone who intends to sell his shares
on the market to morrow at 17c
but his risk is that on 1million shares if they go to 30cents after the announcement i can buy his shares at 17 cents he misses out on around$120,000 profit he could have made
But to be honest I wouldn't do the deal with anyone unless they could provide evidence they had consulted a financial adviser or accountant
I would hate allright to go into this deal before he had realy thought it through don't need bad friends
But the offer is open to anyone
my risk is i could loose up to$17000 if the s.p doesn't clear -- in the above example--18.7 cents a risk i will enter into with my ears back and i don't think i would be short of backers to get in on the deal.
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