Eventually all those options have to end up with people who either convert them or throw them away, so their real value is the WMT premium to 35c when converted minus their purchase price.
All there can be on top of that is a zero-sum gambling game, i.e., as many losers as winners.
I wouldn't be losing sight of what those options actually represent.
Pezz
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WMT
western metals limited
Eventually all those options have to end up with people who...
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