Forum Archive Index - May 2000

[Mike Nelson <bb2345@ihug.co.nz>]

Max,

Yes of course you are right. Shows what a liability I am in the
sharemarket. Mind you doing what he has is like backing a racehorse I
suppose. If he bought the 203300 head shares for $14231 and the horse runs
fourth he loses $14231 but buying the options and the horse runs fourth he
only loses $3456 of course this assumes the shares become worthless which
is highly unlikely. If the horse wins he is punting on it paying more than
21.7 per share.

????


MN


At 11:12 AM 04-05-00 +0100, you wrote:
>Mike, 
>Wouldn't it still be cheaper for the investor
>concerned to have purchased 203,300 AQL shares at
>0.07c each for a total of only $14,231, instead of
>buying the same number of options and having to
>convert the options to shares in 120 days time for a
>total cost of $44,116? I don't think it is a case of
>someone 'in the know', rather more a case of someone
>who probably goofed! We have seen from the Bliss
>notice tonight that there won't be any sale at all and
>that AQL directors have left investors trussed up like
>turkeys ready to be slaughtered! 
>
>Max Vautier
>
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