You are buying someone elses right to purchase at the forth coming spp at an extra cost of $0.075 cents per share. So you pay $0.01 for the ctpra, then pay $0.075 per share. Therefore total cost for that share = $0.85. Which justs happens to be approx. the cost of buying the share today at market( remember though the 1:5 oppies for free)
That much I can help you with. The significance of the dates has my head in.
Rider
stupid question re: renouceable rights, page-2
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