BioSante Pharmaceuticals, Inc. (BPAX)

[Winalov]

Prof. You are correct most of the options were written before 1:6 RS
For example they are showing over 57 000 contracts $1 Jan 2013. try to buy it, they are restricted due to RS. The reason nobody buys them? Just to break even PPS would have to go over $12. One contract controls just 16 shares instead 100.

The new after RS call options/ 100 Sh. per contract. start at $2.50 Jan 2013. They offer over 18000 contracts. At PPS @ $1.2 they are to expansive. (ask $.05)If we climb in $1.5 buyers will step in.

March 2013 $2.5 calls / 100sh. per contract. Now offered only 900 contracts. (ask $.10) March calls with the PPS in decline few weeks ago were sold for five cents,

So look, as most of thinks with BPAX are screwed up Options are no exception. I f you look up what I'm talking about you will find out that all Calls really in play here........ don't exceed 25000 contracts.
The other RS could damage these calls also.