options, page-20

I agree they will drop after record date however I think they will move a fair bit higher over the next couple of days. They will go over $0.70 as there are very few sellers and very few will be selling into the record date.
The $0.01 cent option play will turn out to be cheap for the early buyers this morning

Also the timing of the option prosectus is interesting, orginally stated as within 3 months of listing. This has turned out to be 4 months. Were they waiting for inital sampling results? The company have managed everything so far extremely well. They didnt flog the float to get it to market quickly, they waiting (also got very lucky with SIR) until they got the right shareholders keeping the stock tightly held. The option was a carrot to limited early selling but also raises 8 mill opon coversion in 12 months.