If good news comes out, they both will track each other and if news is bad, they both will fall, very simple.
No they won't. When oppies get closer to the money the premium will disappear. If they both fail, oppies will become WORTHLESS, fpo can't go too much lower as marketcap is only $3mill anyway. Only way fpo will go much lower is if there is a large placement and if so, oppies are done and dusted anyway.
You are focus on converting the share over and how much it will cost you
No I'm not. I always look at reward versus risk and the best balance. If things don't go to plan, how can you get out. If they do what premium is currently being given to oppies. It's the only way to invest particularly at the speculative end of the market.