GDN golden state resources limited
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exercise of options announcement, page-6

  1. seals
    9,328 Posts.
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    01/02/07
    23:56
    Post #: 2158987
    Think folks - at least regarding the GDNO exercise. They are raising a premium on the market. Thus exercising and then selling as fpo's to raise personal funds would cost money - around 6-7 cents per share. If the director is that stupid to do that then he should be flicked.

    So what could the advantage be in converting at this time?





    GDN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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