ASC options, page-2

ASCOA - 20 cents Jun 04
ASCOB - $1.00 Jan 04
ASCOC - Not sure havn't looked at them.

I have gone long both B/C options and the ordinary shares. Will sell ordinary share position in next few weeks and keep free carry on options

Not sure why everyone says that ASC is fully valued. By my reckoning the Company is only trading at 2x EBITDA and PER of 3.5. I reckon it could go another 5-10x just to be valued like the rest of the market. (Assumes company forecasts are accurate).

IMHO if the coy is right then the price target in 12 months could be as high as $4.00 a share.

Simon