Bozm, nothing wrong with your calcs; it's just the conclusions you draw from the calcs that i don't entirely agree with and some of the assumptions you take for granted. We may be looking at things differently (or maybe i'm less savvy than a finance grad and you're a senior quant). Scenario 3 you present is one reason punters may not be embracing the bobs, whereas you and i are prepared to potentially have nothing for our money in two weeks' time. A JKA holder would still own shares in the company and could hold them indefinitely and also be down less. That would no doubt be appealing to many with most punters being risk off atm.
Whatever the case may be, best of luck and hopefully we'll all be exercising at a steep discount come end of month.
JKA Price at posting:
16.1¢ Sentiment: LT Buy Disclosure: Held
