Your post is a bit confusing mate.
What's pretty steep?
If you converted 3,475,833 units today at .012 cents you have a .006 cent profit
I.E. $20,855.00
Rinse and repeat on those numbers is a good way to make money.
PS I've noticed the difference between the share price and the option price has spread over the last week.
Seems like they want the cash from the conversions before the December expiry.
Ann: Application for quotation of securities - LRS, page-9
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