add this one in as well:
Findlay own 25 MILLION options in CNF!!
See CNF's annoucement here: http://imagesignal.comsec.com.au/asx...f/00730892.pdf
These 25 million options expire June 2010 and are exercisiable at 15c..on today's market price of 20c for CNF, they'd be worth about 7c fair value (including a illiquidity discount) - that's $1.75M worth of options! For this $11mm market cap company that is already trading on a forward P/E of just over 3 and a forward EBITDA of just under 1.9
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