I participated in that 2c raising and the funny thing about it with the free options I got, and who the board have a stack with a 5c strike is when you come to think about just selling them, you think we'll I can take a few grand at least out with them by selling them in the market and knowing the board won't be flipping them into the market so then I think we'll they become really worth something with a sp well north of 10c!
Because if I was to convert them I will pay 5c per option and they can instantly double in value on conversion to stock above 10c a share .
2021 from memory ex date and they become really lucrative to those holding from the raising to conversion and then stock.
I mean people are paying effectively over 8c to the underlying security atm for an option!
Even if they're trading it, for the bigger percentage gains then they really expect the price of the fpo's to be at least 8c & more!
I've only converted options once before in a company and this smells the same to me and that package turned out 200k once the options joined the fpo's
I tell ya what, I'm feeling pretty sure this will be bigger and I know the tech is a gold standard with the necessary approvals already in place !
To boot the board have a proven winner in Coops whose made the runs in the past
Pretty exciting stuff
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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3 | 346111 | 0.037 |
4 | 480000 | 0.036 |
8 | 1270000 | 0.035 |
1 | 100000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 250000 | 1 |
0.040 | 328240 | 6 |
0.041 | 500000 | 1 |
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