Ann: Resignation of Managing Director & Non-Executive Director, page-152

Jason,

It really comes down to your risk tolerance and how sure you are the hazer sp will be rockin by dec.

If the sp is 2 bucks by dec you only have to pay 30 cents to turn your options into shares making you 1.70 minus your purchase cost. If hzr is trading at 31 cents you make 1 cent. If its lower than 30 cents you could still cash in your options but you would probably be working for the government if you thought this a good idea.

Be careful but.

I did hear a story about a very smart trader back in the Mercedes 80's that liked options and wa specs a bit too much.

In a cruel twist of fate he was forced to teach probability theory into his golden years to group of kids under the pressure of trying to instil this knowledge at a faster rate than they would attempt to eat the crayons.

Good luck to all