VertigoFYI The option MNMO ceased trading few dats before the...

Vertigo

FYI The option MNMO ceased trading few dats before the expiry date 31/12/10. The SP only started to move above 7C around the period when the option had ceased trading and option holder was unable to sell. The only way the option holder could make profit was by the option to the market, the only way to make profit is by converting them. It was holiday period and people were having their holiday ovwesea etc. (refer to one of the option holder from the previous thread) re option )This was part of the reason why so many options were not converted even the SP was trading well above 7C.

After reading your threads, I am holding my holding tightly and believe the SP will move to 50C in no time. However, I am not sure this is a legimate way of converting the option? It is also unfair for those long term holder who put in money previously and received these options...Just for my own knowledge.