They used to be in the good ole days (even had some 0.5 : 1 's). My suspicion is that the issuers were caught out by the late 90s tech bull, & accordingly were too conservative in their Calls ex. price. Thus they got caught with big payouts when they were exercised.
CHEERS
(PS: hdrwmb is a 2:1)
HDR
hardman resources limited
