stock option advice pls, page-2

hi rpress, this is not advice but rather just my understanding of how options work. The 2c options if listed on the ASX after issue can be sold in their own right. There will likely be a market under stock code PRRO and trading would occur similar to the main shares. Of course you would only be able to sell if there are buyers lol.

I guess the higher the main shares go the greater the likelyhood of someone buying the options. The 2c option price is at the moment well out of the money as the exercise price in four years is 20c whereas the current sp is in the low 7s.

If listed, the 2c options can be sold IF there are buyers. Until the sp of the main shares hits 22c they will be out of the money but some may still be willing to buy them before that is achieved punting on the prospect of the sp climbing above 20c hopefully sooner rather than later. wouldnt it be nice if the punt became a reality lol.

Just my opinion and may be incorrect. Always dyor.

cheers