It's all about leverage, he could have sold them on market for. 08 and made 40 bags !Or bought heads at the same time for. 02 and made 4 bags.
Or converted then sold and made opprox 60 bags.
Options are about leveraging your position.
I didn't buy Bitoa because I will be out of the country from tomorrow until December and didn't want the hassle of conversion whilst I was away. Also didn't want to have to try and exit Bitob whilst travelling either if it goes pear shaped. Heads are easier to manage.
BITOA/ BITOB, page-61
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1.9¢ |
Change
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Mkt cap ! $17.14M | |||
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