Burdenboy, another consequence that may occur with FMSOA is that as option holders sell part of their option holdings to fund conversion of the remainder, it could put downward pressure on the option price closer to expiry.
That's not to say that the option price won't keep increasing with the sp but the gap between the two could increase. This could create an opportunity for anybody that is cashed up at the time to take advantage of this gap and buy options at a good price, convert and then sell shares post Sept at a good profit or hold of course.
Then again, if a lot of people have the same idea then the option price could hold up, but IMO there are still people that own options in the millions that bought them when the sp was sub 1 cent that will be dumping part of their options holding to convert. (Warnie has stated, in one of his posts, that he is likely to do that)
FMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
