25c to excercise an option to get a 22.5c stock is a bad deal any way you look at it. Those owning the options are better off buying heads on market assumming the options were given free.
I was going to keep some money aside to excercise these but 25c is a very high strike price. (the last ones i converted were 0.025 to convert (and that was so i could get the dividend that was announced for the stocks held! FGR is quite a long way off divvies imo!)
I get they jacked up the excercise price from 20c to 25c to encourage holders to convert but it seemed like a bad deal back then so didnt bother.
I dont really see people buying options now and paying any sort of premium given we are in the count down to expiry - as much as i am a long term holder i need an incentive here which these options just dont provide. It would be charity on my part to spend to convert. Ill need to see a price in the 30s also like another investor mentioned in a recent post.
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Ann: Update on Exercise Price of Options, page-16
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.94M |
Open | High | Low | Value | Volume |
5.3¢ | 5.3¢ | 5.3¢ | $3 | 48 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3977 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 89332 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3977 | 0.052 |
1 | 45404 | 0.051 |
2 | 250000 | 0.050 |
1 | 15596 | 0.049 |
4 | 216450 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 89332 | 2 |
0.054 | 89513 | 1 |
0.055 | 309057 | 7 |
0.056 | 214352 | 3 |
0.058 | 25000 | 1 |
Last trade - 10.45am 05/07/2024 (20 minute delay) ? |
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