Lilow. Ask that person what they paid for them. By exercising, they have made a decision not to lose 100% of their initial investment, which could have been quite considerable, for absolute total loss and no return whatsoever, except a CG tax offset. They now retain their 100% exposure in the story and could now turn it around into minimizing any CG Tax with the combined costs of both. Win/win. It's possibly very CLEVER. A 100% loss is a 100%LOSS.
PAB Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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