I sold heads at $3.50 to participate in that $3 raise.
I sold heads at $1.50 to participate in the most recent $0.75 raise.
I'm going to need a significant amount of cash to exercise the $1.25 piggyback options that I received for participating in the $0.75 raise... I'll probably fund it by selling heads, again, considering they are already in the money. Each raise has allowed me to increase or maintain my position while reducing my cost base. How often is that opportunity provided to anyone other than the big end of town/friends of the Chairman?
The only issue I had with the $3 raise was that the sitting chair dumped shares on market as soon as it was completed - he is now no longer associated with the company. IMU holders might want to dwell on this
IMU Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held
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