I wonder if Blue Ocean Equities have learnt any lessons here......the SP was .43c when they were issued 1m options. With an exercise price at .80c and only a couple or so years left to exercise it - I'd be worried.
I also wonder whether the likes of Dennis Eck has learnt any lessons.....so far, he is down $170k on his initial investment. I suspect he is going to have the last laugh though when he and a few others may just take over the company - lock, stock and barrel (which will not surprise me!). At this time, this seems to me to be the only logical reason to explain our current situation.
The only good thing that CDY is doing for me - is giving me plenty of ammo to use when the "crazies" over here introduce their much wanted Capital Gains Tax.
What a mess (on both sides of the Tasman)!
CDY Price at posting:
21.0¢ Sentiment: None Disclosure: Held
