Ann: Appendix 3B Options Conversion - 30 Sep 15, page-9

shimmer - seems I am a bit thicker than shady merv...humour me a bit more

lets say I have 100k oppies (I wish) that will cost me $3000 to convert to 100k heads

now if I have that $3000 I could buy 120k heads and keep the oppies and be even more exposed to the future good fortune of all things LSR

I figure the only reasons to convert really early and out of the money are - to be benevolent to the Board and company when they need some $ OR because you doubt the oppies will get in the money but after the deadline the heads might take off and you dont want to be stuck with the oppies expiring OR you have no idea OR you have way too much money?

call me old and naive ...