Oppies, page-23

The Options Trading is a real BIG positive signal.

I'm assuming there are a couple of possible reasons for the Oppies trade;

1. People are supremely optimistic the shares will trade above 6cents by the end of July;

2. There is information out there that has not been disclosed to the mk;

3. Traders have got carried away or mistakenly think the ex price is 0.6cents per share;

4. Traders are placing covered shorts (i.e. shorting the physical stock and buying options to cover themselves if the trades go against them).

However, I'm not sure if CNX can be shorted? Anyone?

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I also stated some time back that perhaps our cornerstone investor (who is now a Director), might have a moral obligation to ex his options at 6cents? This could also lead to him capturing XX% more of the company. But that might just be a bit of a stretch. I guess we'll see how this plays out over the next week or two.

Good to be a holder!

MMMM