you got to be kidding, page-29

by the time heads reach 10c what are the options priced at?

anyone done any options pricing? pretty sure it's a stochastic differential equation of some sort.

say oppies are 5c and vil 15c by June 2010 then for every 1000 shares

oppies = 0.05 x 1000 = 500

converted to shares = 1000 x 0.15 = 1500

profit = 1000

sp now = 3.2c

diff = 15 c - 3.2 c = 12.7 c profit per share

total profit shares = 12.7 x 1000 = 1270

so really diff in profit between fpo shares and oppies are only around $300 per 1000 shares if options are 5c at june 2010.

is that good logic?