Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-88

Hi Zior,

You have just put into far better words in explaining what i was discussing last week in regards to what a T/O might look like or what type of news would push the SP into range of options being exercised, and you have added a few extra dimensions to what may or may not go down and possible strategies.

My limited knowledge and experience in this is exactly that but il try to understand and hopefully learn as well.

Is it your theory that whatever news we might get that would make the D options exercised be what prevents the next CR.

I take it or leave it with what i read here but do you think the E options we given 1/1 for those who bought into the D options 1/2, almost like not having a lot of confidence in the D's being in range, however what if they are at some point - at 45 cents to convert it beats a CR around these prices.