Jinla, I find your logic somewhat bizarre.
If SP goes below 30cents, everyone can make money, right? Just buy the heads and spend as much money as Patterson does. (they do it at 28.5 cents after agreement)
I mean your argument is that Patterson makes millions of dollars when SP goes under 30cents as it will go up on positive announcement afterwards? And it's all just a game of both companies?
Maybe think about the postings above, it's all about buying options cheaper and convert before end of month.
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