re: Ann: Dispatch of Option Entitlement Issue... Hi sto
I think the idea is that you limit your downside by options and not owning the whole security. If say, ARD, went to zero, then owning options would be cheaper than buying the shares outright. I bought my options, figuring because it had a generous time frame and because IMHO silver price would rise in the next two years.
Ann: Dispatch of Option Entitlement Issue Prospec, page-4
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