RE: Ceresio Investors - Foglia Family20 Oct 2020 08:29
Tomvisual tired, I explained badly. He could lose his £1m-ish call option price agreed. He owns 8.5bn shares directly at today price equal to £42m in value. If he breaks even on the call option it needs 0.86p to be achieved to cover option outlay. he is a very rich man in this share alone (and given his career/this is not his first rodeo, 1m on an option is perhaps play money. So I was trying to say (...badly) that the call option was all about the signal, not about the money. And at that, we are saying the same thing. GLA.