Lets assume you have a modest holding of say 70,000SHD at the...

Lets assume you have a modest holding of say 70,000SHD at the moment:

entitlement at 1/7= 10,000 @ 7c= $700 plus 10000 oppies @ 0

say SHD get to 10c and you exercise the oppies to realise a profit and sell the heads, thus

heads cost $700 plus cost to exercise oppies @7.5c= $750 so total cost $1450 but 20,000 shares @ 10c= $2000 so $550 profit (ignoring brokerage etc)

OR

you buy 22307 on market @ .065 = $1450

then SHD gets to 10c so you have $2230 worth of shares or $780 profit (ignoring brokerage etc)

Sure the equation changes with no of shares and the realised price when you sell

getting late on a fri night so check my maths and let me know if I have overlooked the bleeding obvious

guess what my plan is?