Nice summary probiz.I think also for many holders of oppies,...

Nice summary probiz.

I think also for many holders of oppies, like me, there is a further consideration which is when do you sell some oppies to fund the exercising of the rest. It becomes a bit like a chess game - you want best value (ie highest price) for selling the oppies but you know that as time marches on you have less and less flexibility.

I am assuming that lots of oppies holders are now looking to convert some or all of their holdings because the timing is not working out quite right to get the best outcome just from selling the oppies - by which I mean that it looks like significant share price increases may well occur post-Sep08.

I am actually thinking of borrowing $$ to buy some heads in the expectation that by say late-July the sp might be at around 30-35c so that I can sell at a profit to fund exercising a much bigger parcel of oppies. This is an indication that the pressure is already building (borrowing to buy a spec share - OMG!).

Any other strategies being considered by holders of oppies?

Cheers.