People are paying a premium because of the time value of money.
E.g say you want to buy 100,000 shares now at 0.036 it will cost you $3600.
If you want to hold the stock for long term, you can buy options instead, 100,000 x0.023 cost you $2300.
Say in 2 years time you want to sell your shares and the price is now 10 cents.
you convert your options it will cost you 0.025 cents per option so another $2500 in total. So total cost is 2300 +2500 = $4800, which you can sell immediately for $10,000 dollars.
the key here is, you paid $1300 less overall during the whole 2 years. Which you could have used to invest in other things and made more money. (Time value of money- a dollar today is worth more than a dollar tomorrow)
If you were to buy the shares directly, it would have cost you $3600 upfront, meaning you will have less money to do other things. This is just a financial thing, time value of money opportunity costs etc... Its a premium
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.27M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $28.46K | 3.709M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 7475416 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 5059600 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 7475416 | 0.007 |
19 | 11430609 | 0.006 |
14 | 10950000 | 0.005 |
7 | 19000000 | 0.004 |
3 | 850001 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 5059600 | 17 |
0.009 | 3040487 | 6 |
0.010 | 8477005 | 14 |
0.011 | 4768514 | 4 |
0.012 | 3771718 | 7 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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