I do understand this point of view but here's how I view it.
If I buy a share today and these options scrape in at 1.75c then I will have made a profit equal to 50% of my investment. A 50% return is better than the average return most here would have achieved in the past 3 years investing on the ASX. Better than this if the return isn't equal to or better than 50% of today's investment then the options expire, and Adrian Floate receives Zero for his performance.
I happen to think the Share Price will exceed this exercise price easily, particularly with Capricorn progressing during this time. I suspect you also believe the SP will easily exceed 1.75c as you posted above "the strike price is ridiculously low".
Logically, would I be right in saying we both believe Spenda will return better than 50% of today's investment by 2027?
SPX Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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