guys, thanks for the thoughts.......if i have it straight i can take my $20 (if i can find $20) and buy 1 jan 09' call option contract which gives me the right to purchase 100 shares of kry at say $2ea ($200)...

if everything goes perfect and kry reaches $10 by jan 09'

i'll have spent $220 (+commish) for 100 shares worth $1000...(4-5x my money)

if it goes poorly i lose $20 (+commish)

if i buy common at say .65 and it goes to $10 i make 15.38x my money.......

at this point i'll stick with the common stock but if someone was absolutely sure kry would get the permit i can see where options would be the way to go because you could take every dime you have and control much more stock than you could afford to buy..