Ann: Grant and cancellation of 1,150,000 options , page-5

re: Ann: Grant and cancellation of 1,150,000 ... At the end of the day folks, intrinsic value of oppies will always be the price of heads less 20c. Simple.

If the heads go to a buck, oppies are 80c or thereabouts.

The reason for the current disparity in oppies (which mind you, is just 2-3c) is due to (in my opinion) the fact that the heads are headed up on THIN volume.

I.e. If heads are at 33 but little demand in the spread, there's no point buying/converting oppies purchased at 13c if by the time u sell them you'll only get 29-30c for them.

If we get a continued and sustained rise in the sp (which should happen due to announcement any day now) then the oppies should start filling that gap.

DEC 2010 is a long way away as there's plenty that will happen before then regarding BV

exciting project, great story, very low risk at current prices, high rewards IMO