he/they held options from when they were trading in the 40 to 50c range - about 1.5m from memory. the averaging down in the last 2-3 months is pure speculation. for someone that's thrown $300 to $500k already an extra $10k to bring the average down to less than 10c is not a bad play if it comes off. if it doesn't, another $10k is not going to make a massive difference.
We are all very eager to see how this all plays out.
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anyone heard anything on options, page-22
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