I understand the process - my comment more revolves around the fact that the current price is ~70% off the exercise price, and these options likely have no value. No one would risk flipping below 16c for these options.
What I mean is that I doubt there will be much volume supporting 16c given the factors already outlined, and I doubt anyone will flip their 2 shares below 16c to buy in again at 16 just to get an option that may or may not have any value (27c is ~70% growth away and its anyones guess if it will hit that before expiry). I hope you take my meaning
CM8 Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
