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I am totally confused with options being converted. Does this mean if 300 million options were converted @ .02 AYL would recieve 6 million and there would be 300 million extra shares on the register. 2. If the options are not converted they expire worthless? 3 Alfecra
you stated selling heads to convert, what does this mean? From someone who has never bought options only heads I presumed it was simply the leverage and you simple bought and sold as per heads with greater percentage gains than heads and if you never sold they simply expiire worthless, but obviously this is not the case