Firstly, I thought the SP was around 34c when they organised the $1.4M capital investment from a loan shark.. and would have preferred some options exercising then.
34c / 35c... what's the difference?
Secondly, you didn't refute what I said:
"*IF* they are sure SP will be > 35c by date of expiry.... then they make the same profit if they exercise them now or wait till the SP is north of 35c then exercise them."
where to?, page-92
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