I hope that your maths is correct but if PEN owes you 86 cps then the SP has to get to $1.68 (based on today's SP) for you to break even and you seem willing to wait all year.
I think you may be waiting a while to make a decent profit and run the risk of bad news in the meantime.
You claim to be a trader but you do not act like a trader.
I hope that your maths is correct but if PEN owes you 86 cps...
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