thank you for explaining this.i searched the options myself and...

thank you for explaining this.
i searched the options myself and what you are saying seems reasonable. A $35,000 aud premium at 35c for 6 months seems interesting and attractive. The risk being the share price runs above $7 usd in that time.
I would think that if madagascar was approved then there would be a good chance of that.

i cant help thinking that management must be concerned that they wont get approved for Toliara. Why would they sell now during the 100 day approval window that was talked about rather than after it was approved? i imagine 30c would be a shoe in if Toliara was approved and then come the partners and cap raising etc.