If you look at my example you will see the cost of acquiring ops was 10k and cost of converting was 4K.. This was rough rounding but it means if you bought ops now and exercise them there would be no gain. Not sure where 3.6 came from.. Options aren't shares until you pay to convert them. 1.7 premium plus 0.08 exercise will equal share price now.
last week and the week a head!, page-410
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