crco, page-3

I certainly didnt pick the appeal situation... I assumed 6 months ago it would be smooth sailing for crc, but even assuming that the options were still fundamentally overvalued compared to other similar situations ie lcyo which was trading at around .006c from memory, compared to crco's 3.5c or thereabouts. Lcyo's strike is 2c higher and the heads were trading lower than crcs at the time, but a 6-fold price differnce was not warranted. Lcyo probably should've been trading at 1c compared to crco's 1.5-2c.

Funnily enough lcyo is now horribly overpriced whilst crco is fairly priced.

Crco is far less risky now compared to 6 months ago in that the most it can possibly fall is .001c, which is still a 100% loss of course but a 100% loss of $550 is far more palatable than a 100% loss of $20000 or so, ie if I had purchased 500k at 4c.

Obviously there is less chance now the options will be in the money, perhaps 1/20th of the chance, but at .001c they are 1/40th as expensive, which to me equals a good value gamble.