ann!! , page-11

I think you all have it back to front.
For aruments sake if you had 200k gda you could have sold that today around 6.4c
For that money you could have bought about 280k of options at around 4.5/6 if you put a bid on.
Gda has touched 5.9c three times in the last week and bounced back,so at present 6c is bottom unless the whole market drops.
If it does drop,you still have some leeway if you convert.
You cost is 5.6c convered so it would have to drop below that to be loosing money.
The upside you have 280k to convert if it goes up.
I had 500k of gda and sold @3.9 a while back.
I bought just over 780k of gdao at average of 2.5 the same day. Illiquid but 80% return @4.5 with gda return of 64% @ 6.4c.Even if i sold that @4c today the return would be the same @ 6.2c for 500k of gda.