patersons new report - 10.8c valuation, page-27

I disagree. The investment in the options are more a punt on the re-birthing. Basically 1.5c means your shares are worthless when VMG is below 5c and adding value once they get above 6.5c.

If you really feel that VMGO will be reborn and get anywhere close to those marketvalue estimates, you would punt on the VMGO stock.

For the example below, lets assume that people remains 0% optimistic about VMG. So VMGO will always be VMG -5c. Which is the lowest it can get.

Buying VMG at 4c will make you:
20% on 5c
62.5% on 6.5c
150% on 10c.
275% on 15c.


Buying VMGO at 1.5c will make you:
-100% at 0c
0% at 1.5c
233% on 5c.
567% on 10c