what price will options trade, page-2

Its really hard Loki if they annouce J.V before date the they will all be taken by holders and will probably trade nearly equal with at strike price. What I would have rather is you get your 1 option for every 2 shares and give a loyalty option covertable at 10 cents in 3 years to all holders now this reward holders who take the options and will give a cash injection and incentive for the company to move up sp and give holders a sense of loyalty. But I really think most will take them up I know I will it bugger all money and if they push ahead they could be a gold mine. for me personally I like option more than fpo as the huge leverage you can use and with a lower entry price you can really load up as long as ex date is not nigh