Who ever bought 3m options last week @.003 could have been for 1 of 3 reasons. They are just taking a big gamble that they will be over 5c my end of march,they know they will over 5c by end of march or the optionholders will be issued with new options if not over 5c. There has been a few companies issuing new options to optionholders and it helps if directors or major shareholders hold a few out of money options. Recent examples are EVG,FAS and AOC with others during the year. They usually issue new options with a $0.001 capital raising. Some reduce the exercise price of new option. I will have to ring them next week and find out.
BPO Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
