options revalued re defiance merger, page-2

re: sbmo revalued Hello again,

Comparing todays announcement by SBM with that of 9th January, the price of SBMO seems due for an immediate and significant leap if one simply looks at the bare figures.

For example,

1. The announcement of 9.1.3 states that a SBM FPO will equate to 0.226 shares in the new company (Defiance), and that an SBMO will equate to 0.039 Defiance shares.

On that basis, the value of an SBMO should be worth 0.1725663 that of the FPO - and as this currently stands at 10.5 cents, it means 1 SBMO should be worth 1.812 cents.

However,

2. Today's announcement says that while one SBM FPO will still equate to 0.226 shares in the new company (Defiance), one SBMO will equate to 0.081 Defiance shares.

On that basis, the value of an SBMO should be worth 0.081 that of the FPO - and as this currently stands at 10.5 cents, it means 1 SBMO should now be worth 3.76 cents!

Whilst I'm aware of the various opinions people hold about the company and its prospects, I've chosen to hold SBMO. Therefore I hope my reasoning is logical, 'cause it looks good to me.

I would appreciate constructive comments.

bye.dub