i am new to the sharemarket "17 cents is cheaper than 24 cents"
Let me get this straight.
If you buy a JPRO for 4c and excercise it for 20c you can buy a JPR for 24c, which is a 40% premium to the current market price.
This seems a bit unambitious to me.
Wouldnt it be better to bid 22.5c for JPRO (as was suggested in this forum) and go for a 150% premium.
Why lose only 40% when you can lose 150% ?
I dont understand.
Any feedback would be appreciated, as I am new to the sharemarket.
prospectus, page-36
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Mkt cap ! $31.84M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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Sellers (Offers)
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|---|---|---|
| 3.7¢ | 196207 | 1 |
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