Celsion Corporation (CLSN)

[sdtrond]

I was speaking of Jan options still being okay exactly because we still have the interim results to look forward to. I do have some Jan's, and I'm only in them because I'm half expecting an interim success. Risk/reward-wise, there's nothing like them right now.

Investor/Gambler ... you are right, but any option is a gamble. I've *always* said shares here are better than options.

Nevertheless, they are a tool to increase leverage. $0.40 of Jan5s, if the share price is $20, is $15 intrinsically, or 37x your basis. Buying at $3 gets you less than 7x. With a little mad money, I'll take those odds.

I also don't necessarily agree that on a continue, we're sentenced to $2.75 or less all the way through Jan. Yes, we'd probably dip somewhat... but China is almost finished enrolling and they are going to go to 700 enrollment. With that, I can see getting to the 380 by eo12 - and w/ a continue funds will start positioning for that. They're hitting the road hard coming up, and getting past this interim takes nearly ALL the "real" risk out of a position.

Only a couple more weeks until we find out! TG!
-Trond