This options trading is realling interesting. Some buyers lining up, but we aren't talking huge qquantities here.
I did the waltz in the auction this morning and picked some more up at 0.001.
It could be a big trap with the insiders stacking the buy side and then drip feeding the oppies at 0.002.
This seems stupid, because they could get rid of 18m at cost in one hit without the risk of picking up more.
My bet is either there will be a massive SP appreciation before expiry or the company will decide to extend. They will need shareholder aproval for this as it will blow out the maximum cap raising limit.
I reckon they are mad not to extend or get them in the money. Over $16m could flow in the door if they sorted their game out.....
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Ann: Reminder to Option Holders , page-29
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