objo leverage

Just my thoughts here.
I now hold both OBJ and OBJO

Here is what I posted in the DT thread. Thoughts?

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Speaking of options and wonderful leverage opportunities.
I added more OBJO today. They don't need to be converted till Dec 2010 and are on;y 1c conversion!

So with heads now 5.6c (holy cow) OBJO "could" trade now at 4.6c after conversion cost, so allow say .005c for a buffer, gives you 4.1c.

Hmmmm.
Now if OBJ opens tomorrow at 5c or 5.5c, what does that make OBJO??