That sale makes it look ridiculous for the person who purchased. They paid $0.002 cents for an option that needs to see the share price at 2c before it is in the money. The shares last traded at half a cent.
The strike price for the options is $0.02 and can never be described as more than that. What people pay to buy those options is the premium, and will never alter the strike price.
The value of those options traded was $1,726. The value of shares traded today was a little over $32k. Hardly worth getting excited about and certainly not worth the ramping value you guys are apportioning to this stock.
The options expire in 2011 and this could be the last ditch hurrah these guys are aiming at before dumping a fleet load of shares and options on unsuspecting traders.
Be carefull of those option price quotes please and don't attempt to mislead with your error filled mathematics.
TNC Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
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