please help dan: junior mdx option holder , page-2

dsj,

yep... Ive been to Uni, its tough with no money!

I personally wouldnt be chucking any more money into the Mindax options. The timeframe till expiry provides a windows which is far to unpredictable with regards to price movement.

Going from the shareprice over the past few days it seems that the buyers have slowly started to resurface and this has pushed the share price from 20.5c to 23c close yesterday. As long as the share price is above 20c come June 30, it is worthwhile for the option holders to convert to heads (shares). If the share price drops below 20c come June 30th, then the options are worthless. This is because it costs you 20c to convert each option, yet you can buy the shares on the market for less then 20c if they are under the 20c I was talking about.

Personally, I would be saving your cash so that you have enough to convert your options. I dont know how many you have, but lets say you have 7500, then you would be looking @ (7500 X 20c) = $1500 to convert.

Having said all this, I honestly think that MDX will be above 30c when it comes June 30.

Cheers Kevi