Here is the Rimas strategy from what I have seen.
He issues options to himself for free.
He on sells half the options he issues themself to someone else, then uses those proceeds to exercise the other options he has.
End result = free shares.
Genius.
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---|---|---|
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Price($) | Vol. | No. |
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5.7¢ | 10000 | 1 |
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3 | 61812 | 0.050 |
1 | 20800 | 0.048 |
1 | 25000 | 0.040 |
1 | 15000 | 0.035 |
Price($) | Vol. | No. |
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0.057 | 10000 | 1 |
0.059 | 54000 | 2 |
0.060 | 56000 | 3 |
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