my cdu rights have less value than brokerage , page-44

"Why would an 'investor' who has purchased their Rights Issue with its attached Option want to sell the Option for a pittance when it does not expire until 31 December 2015? "

RNF - you are preaching to the converted I love trading options and Minis, I love leverage as It doesnt mean I have to have hundred of thousands of $$$ sitting around doing nothing for years on end in head stock.

No one is suggesting selling the oppies for a pittance Im just pointing out that they are way out of the money and the punters are putting far to much value on the time premium in my opinion.

Look what happened to Hutchs $6.50 oppies the same Black Scholes calculation handed him a hefty tax bill yet they expired out of the money and worthless - As it turns out W.M got lucky his 2.5m got voted down - not by me I voted yes but that's another separate debate - out of the money oppies V loan stock

Even W.M bought $40k worth on market at $2 on Friday rather than convert more of his rights to get these highly prized oppies.

As for telling you why you should sell your options for the price in the calculation - and remember this is the companies calculation in the last post well im not giving any advice - I just make the observation based on math that you could have bought 2 shares on market today for $3.70 rather than 2 for $5 and 2 weeks ago you could have bought 2 shares for $3.40 rather than $5 - Then there is the debate about the issue being renounce-able that the Johnny come lately s can buy as many rights as they want at a fraction of a cent and get the same rewards as the loyal long term holders who have held for years