probiz - the options in any company are a window into the future for FPO's. A ten cent strike on an option trading at 5.1 would indicate 15 on the FPO at expiry (FDLOA expire Sept 2008). There will come a time closer to option expiry when the option will trade in close reality to the FPO, but this will occur most likely in the last few months prior to expiry.
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