Ann: Change of Director's Interest Notice Laura Reed, page-14

Options in strike price after positive kiwi and pel, doubtful before, but wouldn't mind being wrong. Already wrote this in an earlier post but my guess is that sp would have to get to about 18c for oppies to get above 2c, better if sp gets there a couple months before expiry. If it's close peeps will just dump the oppies. Gltah. Usually if the sp is past the excercise price well before the expiry, the oppies lead the heads, but that's not always the case if the time to expiry is a short time. We want to be sitting round 20c first week of August.

Peeps dump the oppies if there's not much to it. And if there is peeps dump the heads to excercise the oppies.