What's your logic Lostinspace?
Are you purchasing rights at $0.77 average and then exercising @$0.55 to give a head share cost of $1.31?
Can't be correct as you would just purchase heads far cheaper at market (currently $1.26).
Or are you stocking up on heads at market, adding to your previous holdings, giving an average entry-price of $0.77? In which case you must have picked up quite a few at $0.28 or thereabouts.