Forgive me if I sm wrong and please feel free to correct meWith...

Forgive me if I sm wrong and please feel free to correct me

With a strike price @ 20c...at the moment with the fpo <20 there is a premium attached.

Once (if....)the fpo is >20c then the op should start to track in relation to the fpo.

Buyin the oppie means you have a right to purchase a fpo @20c.

So say you bought today at 6c.......
.......if and when you exercise you'd have to pay 26c

So relative to what you pay for it + the strike price, then depending on the fpo price...this determines if its a buy

So....if the fpo reaches lets say, 40c....there wont be anyone willing to pay more than 16, 17 or 18c, I wouldn't think.

If it got to say 50c.....again I cant see anyone willing to pay more than 26 or 27c.