The new options, NSPOA, listed today with buyers and sellers gingerly placing positions from opposite extremes. As with the full shares, gradually there will be a meeting point. The new SPO shares have not yet sold but if they were to stay at 11c then what should be the NSPOA price? My estimate is approx 2.5c but NSP is a remarkably illiquid stock so that unexpected oscillations can occur either way. Concrete news on the PrIME Biologics facility in Singapore or increased sales revenue via the new Thermo Fisher distributors could move the price point up significantly.
Juke
MEM Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
