i was in the same position followme. bought a whole heap of...

i was in the same position followme.

bought a whole heap of cheap options a few years ago and sold half of them at a good profit. held the rest of them because based on my rough calcs at the time i believed just based on the stocks that msx held at the time was worth a whole heap more ie $3+ per share.

i let my options expire in Jan this year after the SP was decimated.

seems that the only ppl that do well out of the mergers are the advisors and the directors. i know its only a valuation but how can a board let the NTA be about half of the where the SP is. similar to lion selection before some of their major shareholders kicked up a stink. only problem is with mxx is the board controls a significant amount of shares.