interesting week. the capping seller at .02 seems pretty keen to keep it below this level, and stock getting slowly soaked. there'll be no hurry here for another month imv. they have said end of november to get the new management in place, althoguh i'd say that right now we know where we are heading ....
make no mistake they'll want the oppies in the money and they'll also be wanting to raise at a hgiher price. money for rope here from .02 to .06 imho (dyor) in coming three months. doesnt take much to move this and they know they have good technology and run the risk of being a cheap takeover target if they don't get a wriggle on.
i hold a stack of ops and my only concern would be the july 31 expiry. if they were jan 2012 like medicvision i'd be quite happy because i suspect ksx will be well in excess of the .07 strike price in a year's time.
good luck all. thanks for the discussion.
KSX Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
