most of the ups and downs have been on very small volume
even so close to expiration of options,
we really have not seen any huge dumping of the options to
suggest option holders are writing off the potential of
there investment...
ok, at these levels not huge incentive to play with options...arbitrage opportunity ...not so strong...
ok, not much incentive to exercise option neither..
but just looking at the cash burn rate of this company from recent quarterly...approx $1.5million...and cash at end of quarter of approx $3.4 million,,,,
the funds from exercise of options will definitely be important, as there business cash requirements is growing...
ok, you could argue they have enough cash at current burn rate to last for 2 quarters...but hey these guys are all over the place...expanding globally...you need a strong cash position...and a strong balance sheet....
i guess its not long left till everything is crystal clear..........
..................DYOR..........
KSX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
