Thanks Elvis, but I'm still not any wiser as to the purpose of...

Thanks Elvis, but I'm still not any wiser as to the purpose of this amended option agreement.

I had assumed Octavium is a willing buyer, otherwise why else would they enter into a call option arrangement? (I mean, given the obvious illiquidity in the market for CPI 60-DAY CALLS - which is what this agreement effectively is - it's not like they are looking to make a profit by trading the option, is it?)

So, if you have a willing buyer and a willing seller, and the seller is willing to sell at 35c and the buyer is willing to buy at 35c (which both parties obviously are, otherwise why would they enter into this option agreement in the first place with 35c as the exercise price?), then why don't they just do the deal at 35c?

I hear your views about the positions of the various parties, but they still doesn't explain the purpose of the new option agreement, which I think is an absolute waste of time and effort.

It's a bit like me saying I'll buy an option on snow falling in Sydney on Christmas day for a consideration of just five cents. It costs me almost nothing, but the chance of me exercising the option is so slim as to make it pointless.

Its driving me nuts trying to figure out what it is that I'm missing here. Like I said before, it's one of the strangest situations I've ever encountered.

Cam