I had a quick look at RCI today. Looks like a few hundred million options with a strike price of $0.50 from memory? If yes, the bid price will max out at $0.50. Next logical counter bid will be $0.50 unconditional.
Beyond that it will be conditional bids, similar to the counter, conditional on those options not being exercised.
I had a quick look at RCI today. Looks like a few hundred...
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