HML 0.00% $1.99 henry morgan limited

Ann: Bonus issue of options, page-32

  1. 9 Posts.
    Excuse my lack of knowledge on this but I'm a newbie trying to understand how this works.
    Can someone please confirm/ correct below for those of us less experienced?
    My assumption being; if I have 100 shares now, I will get 20 bonus options that between now and 15/6/20 I can purchase for $2.05 (whatever the current share price is) and then sell for what is hopefully a current market price greater than $2.05...
    Seems pretty straight forward, just want to make sure
 
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