daytrading feb 9 afternoon, page-29

Re CRL: treaurehunter, I agree- the option plays a part when those in the raising want to sell- they will calculate the amount and sell down to it. However! People won't generally participate in a raising unless the Ords are at the raising price- and that's 10c. The options are double that- 20c exercise, but they are long-dated, so yeah, they'd be worth a bob or two. Still, I maintain that the Ords are gonna have to be >10c for people to participate. Most wouldn't give to the company if they can buy for less on market.

The go here, imo, is to see where the share price is before the closure date.