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0.2¢ new zealand coastal seafoods limited

thankyou its much clearer to me now. i am confident the share...

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sumone117

758 Posts.

193

22/07/20

17:29

Post #: 46031742
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Originally posted by Bobk67: ↑

Hi, so no expert but my understanding is:

Options are issued giving the right to purchase shares at a "strike" price at some point in the future. These particular options were issued to shareholders who took up more shares in the recent raising, with a strike price of 2.75c on the 25th July 2022. You have the "option" on the 25th July 2022 of paying 2.75c for your 65,000 shares, if you take up I think that means you will effectively have paid 4.35c - the hope (for us all) is that the share price is way above 2.75 and for you way above 4.35! Then we are all "in the money".

(If I'm off the mark please could someone point out the error of my ways for both of us!)

Now you'll be able to sell out before then depending on your risk appetite and/or opportunities to make multiples of your original investment.

Good luck

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Originally posted by jas626: ↑

So if the heads go to 6c then the options would prob go to 4.5c, which is a 200% rise as opposed to a 100% rise from the heads.

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thankyou its much clearer to me now.

i am confident the share price will be multiples higher than what it is now by 2022. I feel buying the options was not a bad idea.

NZS Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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