Hey Ert,
We could be onto a money spinner with PIC if the analogy from CDM holds true.
Using John's example (above) of the Share Price staying under the options exercise price, due to the weight of the options (the exercising of options will drag the NTA back to the exercise price), which appears to be holding true for PIC.
Therefore, immediately before the options expiry (10th of June 2016), buy the stock, let the options expire and enjoy the share price rise to NTA the following few days. Gotta be worth a look.
I've just but a reminder in my Diary for the 9th of June saying, "If the PIC price is still around $1 but the NTA is higher, the share price should jump towards NTA when the options expire on the 10th. Buy now."
Don't tell anyone.
PS A good day for both FGGO and FGXO.
Ann: Investment Update & NTA October 2015, page-10
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