AKK 0.00% 0.3¢ austin exploration limited

AKKO/AKKOA, page-34

  1. 8,472 Posts.
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    Greeny AKKOA is an option, in other words it gives you the option to buy the head shares at a set price in the future. In the case of AKKOA you can buy those options on market now for 0.003c and when or if you convert them to AKK head shares between now and 2019 you would need to pay another 0.006c. So that makes the maximun you would have to pay for AKK head shares between now and 2019 is 0.009c...the current AKK heads trades at 0.007c....

    At the moment you can by more than twice as many Options than head share for the same amount of money. IF AKK was still in existence in 2019 and the shareprice for example was 10c then obviously owning more than twice as many shares would be good news especially given the maximum amount for them was less than 1c, if AKK went under then you are stuffed whatever you have....

    Options often expire worthless but can be very profitable if the Company performs, as always with these spec shares its risk/ reward and bear in mind dilution of the head shares alters the results ...as it is now AKKOA certainly stand out in the risk/reward stakes for those who can live with the consequence of losing it all for the chance of an above average return.

    Cheers Whisky
 
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Currently unlisted public company.

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