to get the options in the money. the fully paids must reach 0.30c and then for every cent higher, will start to become profit to you. so if you buy the oppies for 0.02 cents add the conversion price of 0.30c. which is 0.32c, then you begin to be in the money with the options.
BUT! cp82, while the fully paids start to escalate to the conversion price let's say 0.20c then you'll see 'ANTICIPATION' take place in the option price, to let's say 0.05c maybe 0.06c or 0.065c. this is where you can sell your options on the market for a small profit.
the options have an expire date of 30/09/2010 plenty of time before conversion date. remember it is ONLY an option to convert to a fully paid share.
hope this helps
OIP Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
