HCL almost hit barrier of 1.7 $L per share today...just 5 ct were still to go! When will this happen?
We would like to start a small competition. YOu can send me a note with full SL-name and SDT-date/time when you think that the barrier of 1.7 $L/share for HCL will be reached. Deadline for this competition is 1st November 2007 as long as the barrier is not already reached before. Only 1 note per avatar is allowed. The winner gets 2000 $L.
Winner and statistics on bets will be published on our blog...hope we dont violate some LL laws..;-)..you never know in this LL.
Good luck
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH, and LEM Knock-in WSEIndex as not approved IPO)
http://lemurinvest.blogspot.com
Reminder
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LHH is a derivative with call character on HCL shares. It freezes the highest share price of HCL once a predefined barrier is reached. See details in our prospectus WSE or our blog to learn more about it.
Spot date : 15SPE07 : 0.68 (1.70) $L
End date : 15MAR08
HCL at spot (15SEP07) : 0.68 $L
Barrier for HCL : 1.70 $L
LHH IPO issue price : 1 $L
If HCL>= barrier then
pay back =highest HCL/ HCL spot * LHH IPO
else pay back = average HCL/ HCL spot * LHH IPO
in both cases minus management fee of 5%.
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