surprise, page-21

You can buy CTP options for around 3 cents at the moment . That gives you the right to convert them to heads at anytime in the next 3 years ( apprx) for an additioanl 16 cents.

If you have $30,000 to invest , you will buy approx 1 mill oppies compared to about 500,00 heads.

If you buy the oppies and they get to say 83 cents you can sell them on the market and make 80 cents per share profit. ie $800,000

If you buy the 500,00 heads and they get tpo say $1.00 you will make a profit of $1.00 less purchase price of 6 = 84 cents x 500 = $420,000

So you get beter leaverage with oppies.

the real danger si when do you sell them.

If you dont sel of convert at the strike price of 16 cnets per share you lose all your money

CB