Satyam Computer Services Ltd. (fka SAYCY)

[Helium-3]

I have 2 positions, one is the Oct 7.50 with 800 contracts, the other position (not yet taken) is I will buy upon release of the restated financials the $8 or $9 April 11 contracts, depending on the price, only IF the financials are good as defined by: rev of $1.2B+ TTM, $1.00+ eps TTM, and at least $800M in equity. The last reported equity in 08 was falsely reported at $1.8B. The more i read about this company the more i'm convince that there is some equity or why else would there be several buyers showing interest at the auction over one year ago. However, if the numbers are lousy i will unload my Oct contracts right away and that will be the end of that. There are so many unknowns and it's definitly a medium to high risk play, so be prepared.