gwroa $2 oppies expiring december 30 2010

I wonder what will happen to these. No big players willing to sell them.

Is that because they were a free attaching option or because they are hoping that they would be re issued like the FASO's were.

Interesting thing is that the main holders of these are directors or ex directors and they were mainly issued as renumeration. Not worth much now, but if teh SP was North of $2 which it has been before, the leverage that the holders have would be huge and we have seen how quick teh SP rises when there is no once capping and there is an interested buyer. Eg Mr Yue and Portmans aggressive on market buying in the past.

There are about 21 million of them and if exercised, would represent approximately 10% of the GWR market cap. Is there a chance of a suiter having a crack at them.

Anyone thinking of taking a punt on them? I noticed that some were bought today......