maquarie bank substanial holder, page-17

re: reminder of the company the options will consolidate aswell, having a strike of $1.50, versus a stock of 90c. The interesting thing about the consolidation is that the stock can trade in increments of 1% whereas in its current state, it trades in increments of 10%...ie less risk. I think the stock is worth $1.80 in the new state which would value the options at 50-60c in the new money...not bad for something you can buy for 20c today.