But you purchase options for 9c and a takeover bid for CRJ comes in at 36c then you have lost my boy which is on the cards- so lets do the numbers for that you purchase 5,000,000 options for 9c = $450,000 Alternatively you purchase 2,000,000 shares @ 22c = $440,000
when you sell the shares into the merger/takeover you nett 1.8 million but have to spend another 1.5 million meaning you make a nett loss of $150,000!!
The other smartie sells for .72 million and makes a nice PROFIT of $280,000
Who's the smart bastard then!
And as a merger has been flagged-watch this space
CRJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
