and now have a free ride in case the company actually does find something.
They will be listed and tradeable - so to make them worth something they were probably behind the buying in the 7's, 8's and 9's and the selling in the 11-11.5 range knowing the churn would get people excited about another water well.
So on the double dip they haver probably profited twice and can now either sell their options for a couple of cents or hold on for a free ride.
SIMPLE
Imagine the deal the company will have to do for the next capital raising.
Paper everywhere
IMO only
GDN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
