unbelievable opportunity, page-13

i wander how much price is currently built into the Sp for this.

The original annouce 1 may, sp was trading at 22c.

If the SP peaks at 30c Monday for ex date being likely Tuesday, this represents a 36% increase in sp based on the issue bonus.

If one was to buy into tomorrow at 30c, there would be no immediate incentive for the sp to rise during the ex period until record date, and then some likely sell off after the rec date, 10 june.

So, if we assume that one buys at 30c, and the sp returns after the record date to its prior support at 22c, then

Based on post consolidation figures.

eg a 10,000 shares x .3 = 3000 cost.

then at sp of 22c, 10,000x.22 = 2200

Plus bonus of 6000 options
exercise at 12c, value at 10c x 6000=600

Total value if heads return to pre rights notice = 2200+600=2800.

Total cost =3000.


Break even Heads would be at 23c, .23*10000 + (.23-.12)*6000 = 2960.



SO BE WARNED. You really needed to be buying these heads on 1 may at the anouncement at 22 cents to be in a no lose position. IMO the ship has sailed and the price is alrady built into the heads = no opportunity.

Having said all that, long positions would suit.

cheers