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Ann: Company Update-TV2.AX, page-193

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Ham Child

826 Posts.

292

14/05/16

00:38

Post #: 17765158
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Originally posted by GPV ↑

Hey guys,

Would anyone be so kind to briefly explain to me the loyalty option placement, please? I have traded options like regular shares before but I have never exercised them before. I've read up on it before but I'mjust not sure if I fully understand them or if I'm getting mixed up. I'd like to understand the whole exercising thing because I will most definitely be keeping them for a long time until when TV2 is worth $1 or so.

I currently own 176,601 shares at 2.2c average. If not mistaken I could access 1 option per 4 shares I own, that is, 44,150 which at $0.0001 would cost me $4.415. Is that correct?

Now the exercisable price thing is where I get confused. According to the update the exercisable price is 0.040. Is this the same as the "strike price"? Does that mean that to convert the options I have to do 44,150 x 0.040 = $1,766 (money I pay for 44,150 heads?)

Hope I'm making sense and I'm not too far off the mark haha. I struggle to get my head around options.

Thanks for any replies

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Exactly right mate.

TV2 Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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