OPC:

I would concur that the warrants are better than the options.

Warrants closed today at $0.69 (60% of a share) or the equivalent of $1.15 (for a whole share). Means that breakeven on the warrants and a whole share at expiration date is about $3.55.

Where as the 2015 $1 calls were $ 3,80 or $4.80 with all costs in.

The warrants are clearly the deal on price alone even if the extra year is not included in the value calculation for the warrants.

The question I have is around the warrants. Does the company have the right to call the warrants at their discretion? or can the holder sit on them until 2016, waiting for max appreciation? Thought that I might have read this somewhere, just haven't been able to confirm.

Comments always appreciated,

OOG