if you have 500k then by the expiry date (18 months time) you:
- can sell on market or
- exercise them at 1.5c each and they convert to shares
they can give could leverage for example, you can buy them now at 0.2 (share price 0.8c). Let's say the share price doubled to 1.6c then the options would be "in the money" meaning if you exercised your options you would have an unrealised gain.
Back up the truck on those options PMYO, page-7
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