Annual report pursuant to Section 13 and 15(d)

PUT OPTIONS (Tables)

v2.4.0.6
PUT OPTIONS (Tables)
12 Months Ended
Dec. 31, 2012
PUT OPTIONS (Tables)  
Assumptions used in Black-Scholes option pricing model

The following table illustrates the assumptions used in the Black-Scholes option pricing model at the measurement dates:

 

 

May 23, 2011

 

December 1, 2011

 

December 31, 2011

Risk free interest rate

0.11%

 

0.11%

 

0.11%

Expected life (years)

0.5

 

1.0

 

0.9

Dividend yield

0%

 

0%

 

0%

Volatility

207%

 

198%

 

198%