when the share price was 10 cents, buying at 2.5 cents was not paying a premium. instead, 2.5 cents was exact market value
if you bought BKTOD today at 2.5 cents, you would be paying a premium of 2 cents, since BKTOD is only worth 0.5 cents when the share price is 8 cents
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options are unreal. while i have had lots of options expire out of the money, i have had so many more make loads of profit
Difference between BKT and BKTOD, page-19
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