Yes just re read that post and sense it doesnt make.
It depends on who holds the oppies.
If in management hands then yes run the price.
If there is more in small shareholders hamds then hold it as when it comes to exerciseing the option smaller holders will let them lapse as they dont have the coin to pay for them. If its close to exercise price you will find they will be underwritten by a broker firm and they will take up the option.
In the case of.Gph id say the above doesnt apply as tightly held it is. Chexk the top20 for options see what percent is in the top20 hands.
Its more like the market is the market. Skittish and not willing to support the specs.
Its just a matter of time.
Options run out in september
Company expects a resource to be difned in june. If its good options will be well in the money. If its crap the options are dead. Simple. Roll the dice. To me its a no brainer Disallowed or they are worthless.
APC Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
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