Hi Guys,Fact: 44m options issued at 2c early 2011. Fact: only...

Hi Guys,

Fact: 44m options issued at 2c early 2011.
Fact: only 21m options traded since.

At a minimum, 30% of the opies traded have been re-churned. This then means that 30m options are still in original hands.

Some insto...some retail. But the BIG FACT is a minimum of 30m Opies will, in the next 10wks go through a 3 - way decision process. Sell, exercise, lapse.

We can all debate how these opies holders may play it, but we must ACKNOWLEDGE that the necessary decision within the options now exceeds the daily volume of the head stock.

And I'm ignorantly assuming that those that have already bought opies (including me) are not part of a decision process and have intrinsically elected to exercise.

So back to market forces. The head stock is traing at about 2m/wk. The undecided oppies have 30m with only 10wks = 3m/wk to DECIDE.

So guys, the oppies will eventually rule the head stock by volume and arbitrage alone.

As I have said before, it'll be very hard for the head stock to march north of 25-26c ONLY because THE VERY HUGE option VOLUME pressure in the absence of positive corporate news.

But would still love to hear sometehing positive from...who...OH yes....whats her name....Eve?1

Nearly forgot.

Cheers,