"What is the conversion rate on the oppies?"25,598,752 Options...

"What is the conversion rate on the oppies?"

25,598,752 Options (KDRO) expiring 29 November 2013 and exercisable at $0.20 (20 cents)

KDRO's can be converted any time from now or before the expiry date @ 20c.

As things stand you can buy KDRO for 35c pay 20c to convert to FPO for total of 55c. FPO KDR right now selling for 59c, so extra 4c profit. Play the percentages in your favor ;-))

Disclaimer: KDR sp goes to 30c KDRO worth 10c, however KDR sp goes up to 80c and the KDRO's are worth 60c. Its about risk/reward but the point is, if you prepared to pay 59c for KDR, you get greater value buying KDRO for 35c. And a small bonus is you can wait right up to November 29 to pay the other 20c.

I'm just saying, you decide.