Those ROYR that are "given" to you, you have to exerise them or lose them.
Those ROYR shares that you bought on the market will charge an extra 10 cents (exercise price) per share on top of what you paid for them. The broker will exercise them for you and deliver you with the ROY shares when they are converted unless you sell them.
Hpe it helps. I have bought them on the open market - no problems. Just make sure you have an extra 10cents per share.
Good luck, I think they (ROYR) are great value.
Durian
MFE Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
