Surprised how few punters are on to this one. The risk/reward is as good as i've seen for quite a while on what is essentially a shell play now almost. The risk of Underwood coming up with doughnuts and price falling back to 1c versus being cashed-up and Underwood sourcing something juicy that also drags his options into the money... well, it's a worth a few grand in as a starting point imo.
Just to keep it balanced: for anyone who thinks success is a foregone conclusion now, take a look at the Ross Smith debacle over at ROS. He had a very similar incentive-based remuneration, although i would classify ROS's demise as unusual and very unfortunate for shareholders.
Can anyone point out other risks to consider?
Look 4wd to seeing how things unravel for Tango.
GLA
TNP Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held