Hi Chaya,
Would like to ask some question about option.
Eg. if not converted 1 mil Tail x 0.05c = $50000 ( sell in the Market)
if converted 1 mil Tail = 1 mil head and pay exercise price 0.009 Option A=$9k
Then, 1 mil Head x 10c ( Head likely double price of Tail) = 100k. - $9k = $91000 net.
So, converted to Head make more significant profit if SP goes to North.
Pls correct me if my calculation is wrong.
thanks
IK
I Can Smell It, page-43
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