Hi t4p,Scenario 2 is what I have been thinking about quite a bit...

Hi t4p,

Scenario 2 is what I have been thinking about quite a bit lately.

If the options expire worthless, it means the shares on issue is much less, which means that E.P.S will be significantly higher.

Surely the market would not let this happen. If the options were to expire worthless and the share price to be at around 3c come end of Jan 2006, the mkt cap would be $12 mil (400 mil shares), instead of $15million (500 mil shares).

$12 mil market cap divided by profit of 3mil (conservative estimate) would give a pe ratio of 4 and e.p.s of 0.0075c per share, a yield of 25%!

Im a larger holder of TOXO so I hope the manipulaton dries up in the next few months as TOX finds its true valuation level.

If not, I will stock up on TOX at 3c come January.

CHeers.