havo options, page-5

On the contrary Peterbax. Whilst HAVO have been trading on average at a 10c premium, I think benboy is right, its the ordinary shares that are trading at a discount.

These options don't expire for almost 3 years! And blind freddy can see that HAV could be well on the move by then. With everything that's in the pipeline at HAV, a 10c premium will look cheap if the can just get something up and running. And they've got 3 yrs to do it to keep the options in the money.

I sold out of much of my ordinary share holding and converted to the options. Such a great way to effectively increase exposer with what I considered a small premium to pay....albeit with increased risk. Although, as I said, with 3 years to run, I'm not sure my risk has increased that much (hopefully this statement doesn't come back to haunt me!!) Don't forget this has traded at over $2 with much less going on than there is now.

Looking forward to an increased news flow in the new year...