complete insanity options at 21c.
say you had 100 FNPO. you can sell them at 21 & buy 58 fully paid shares at 36, don't have to pay the exercise price of 98 by July 2027.
the only explanation other than insanity is if a large player is soaking up all the options they can on the view that the FPO shares are worth well in excess of $1.20 within the next 6 years
could be the Perich family showing their hand that they may take FNP private in coming years
Is the options tradable on market ?, page-25
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