Credit Suisse picked up 50.7m free options late in 2009 as part...

Credit Suisse picked up 50.7m free options late in 2009 as part of the 1.5 for 1 rights issue then. They only need $0.51m approx to exercise them next month, but have already sold $0.65m approx in the last month or two so that cost is well covered now.
They had 84.4m shares prior to their recent sell off.
this consisted of :
- 6.1m shares in 2006 for 50c each
-5.7m shares 2007/8 on market, some 30+c
-10m shares 2008 placement 6c each
-12m shares early 2009 at approx 2c each
-50.7m shares at 1c each late 2009
Total cost $7.12m for an average price of 8.4c per share by my calculations.
Their average price is too high to free carry at this stage by selling.

CS also have 13 million 15c options exercisable in 2012

Apologies if this seems a bit anal.......(not much on TV). Not sure if I can make any more sense out of this apart from a sell down to cover the options. I hope everyone else doesn't copy them.