Well, not as good as I was hoping for a two-month extension would have been far superior .. as OA ex-price 12c one would think good reserves number 50% 3C etc late APRIL - early MAY we will see the SP move to towards 20c .. that would be HUGE for extended OA's ...
Now for me with 646,850 OA's I could sell for say .005 = $3,224 (after commissions) or pay another $4,916 and get 258,740 OB's that will likely be worth 3c soon enough =$7,762(-$378 worse off than just selling my OA's and buying OB on market if they move downwards 3c below etc)
The real kicker here is how many extra OB's can I buy ????? for .019
As there are no rights for OA holders can a guy with say 1000 OA's then get 1,000,000 extra OB's @ .019 who decides who gets the extra OB's as this will be the difference to get a good deal overall to not
RLE Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held