why is it so?, page-17

wow... imagine if the oppies hit the ground at 30c.

Get 1 for 2... so 15c discount to the shares.

43 - 15 = 28c.

This SPP is effectively 28c for a stock that is trading at > 70c.

Due to cash flow issues, I missed out on MQG and ANZ SPP, as well as more BEPPA and HRR... but maybe, just maybe, I'll beg, borrow and steal to play with MAK.

I bought 1,100 at $2.30 (sigh)....

If I bought $2,000 SPP worth, I would pick up 4,651 shares and 2,325 options. Would have 5751 shares, at $4,530 = $0.787c each.

+ 2,325 options. If I sell the options at 30c.. it's 5,751shares at $3,833 = 66.6c each.

Which means, with *JUST* $2,000 outlay, I can turn a 68.9% LOSS into a 10% profit, if share price ends up as it is!

I'd be a tool if I didn't buy into it... if the SP is at current price 3rd July.

In reality, I would probably try and sell all MAK ASAP (when you get burnt from $2.30 to 40c... it hurts :P)... but hold onto the options. They would still allow me to buy into more than twice as many MAK as I currently hold.

The only question becomes, do I buy $3,000 worth and expect $2,000?