If you value the SMN option at say 60 cents, which is currently about 30 cents out of the money, it would seem reasonably priced. In other words a $1.20 strike price with the market about 90 cents.
On the basis of a 60 cent valuation for the option which takes two rights to obtain, in theory, this makes the current value of a right 90 cents plus (60 cents divided by two) 30 cents which equals $1.20. Consequently, I cannot understand the stupidity of some shareholders not taking up their rights, provided they have the funds to do so.
Does anyone disagree with the above estimation of valuations.
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Last
58.0¢ |
Change
0.020(3.57%) |
Mkt cap ! $79.66M |
Open | High | Low | Value | Volume |
58.0¢ | 58.0¢ | 58.0¢ | $3.597K | 6.201K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19448 | 56.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 1660 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19448 | 0.560 |
2 | 2600 | 0.555 |
1 | 5000 | 0.550 |
1 | 2000 | 0.545 |
1 | 33358 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 1660 | 1 |
0.590 | 10330 | 2 |
0.595 | 4916 | 1 |
0.600 | 4144 | 1 |
0.610 | 10000 | 1 |
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