it's just the beginning for Cirralto!, page-5875

Great post Ric.

Just a word of caution for those not experienced with Options though, it’s just not as simple as you might think... otherwise they wouldn’t be trailing the heads in recent times... if it was purely a numbers profit game, sure.

However, when you consider and factor in other items, CROO is much more risk and that’s why there is more reward. You don’t ever make more money without having more risk.

considerations:
- liquidity is much lower
- CGT impact of conversion
- Value loss with time
- unable to participate in the next issuing of options unless you convert triggering CGT (if that was an opportunity)
- greater risk in downward slide (loss is multiplied)
- dilution in next cap raise is a real risk (we seen the dilution at a greater % in November compared to the heads)

yes they are lucrative, however proceed with caution. Understand the risks (most people just look at the opportunity).

good luck!