Na mate, oppies are in the money when FPO reaches the strike price, as you can convert to a FPO.
If your statement were correct, the oppies would never be in the money, as when the SP gets to 1.8c.... the oppies will then be at around 1c.... then you will be saying in the money at 2.2 etc....
Na mate, oppies are in the money when FPO reaches the strike...
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