Hi Mackeral - Welcome from SRT. Judging by TUs for your post,...

Hi Mackeral - Welcome from SRT. Judging by TUs for your post, perhaps a good few SRT holders also want to buy in?

Overvalued though? We should consider that Walker just took options with a 5c strike price. Clearly he believes that price is going above 5c.

On that point, as the options are 'out of the money' - until they reach a price that they would likely be exercised ie above 5c, when calculating the market cap they can be ignored. This wasn't the case with SRT where we had to include both SRTO and SRTOAs as they were ' in the money'

This increases the disparity between WPI today (3.5c) and SRT's peak (2.2c) before the acquisition was announced.

SRT @ 2.2c = 1.178m shares and options = $26m market cap
WPI @3.5c = 305m shares = $10.6m market cap

Looks like good room to move up over the next few days or weeks.