Ann: Appendix 3Y - Guido Arnout, page-87

Guido - how about people consider his point of view.

First ... if he pays US tax.

How are options taxed USA?

How Are Stock Options Taxed? Stock options are taxed or the loss is deducted when the holder of the stock sells the stock they bought when they exercised their stock option. The gain will usually be taxed at a capital gains tax rate.

Looks like he's up for CGT and realising A972k would take him into the highest Fed tax bracket of 37% I assume. Not sure about any other local taxes.

Say he is taxed at 37% ... he then gets A612k of the $972k he sold the shares for (av 14.5c). But he has to pay A383k of this to exercise the options - leaving him A229k.

That's USD148k roughly at the current conversion rate (Not including broker fees ... Maybe USD 140k in the hand. So not a biggie really for me.

Please check these calcs ... I think they're right.

If so, Buy the Panic Monday??? - lol ...might just be a double bottom on a strange pattern.