Ann: Critical Metals Corp. Completes Business Combination, page-68

He’s using the exercise price of 18c to say they are overvalued which they are at 1.5c or whatever.

But you can buy approx 5-6 x the amount of shares compared to heads so the leverage is huge.

No rule to say they have to be converted either. They could be used solely as a leverage or trading play.

And if they are many multiples of 18c in a years time then you come out way in front. That’s where the 300 days comes in which you are correct.

EUROAs are shot to pieces at present unless a minor miracle occurs in the ST, so B’s are really the only play as far as leverage goes anyway.

Risk v reward at end of day.