Usually it would not make sense to convert prior if under...

Usually it would not make sense to convert prior if under strike. However I have seen this happen from time to time.

One of the benefit now to a buyer is that the upfront cost is massively reduced. You may also only be prepared to put up a smaller amount right now and happy to not convert.

Personally I hold both as I am and have been very confident in the company. Should the shares hit 10cents or more I will happily convert my options. If they don't then I will probably right them off. The only reason I wouldn't is say the SP hits 9 cents, early October (fingers crossed). I now only have less than 1 month to exercise or run the risk of them expiring. With them only being .01 away from Strike rather than forfeit I would convert. Especially if they were looking like they were going to be more in the future.


Buying 300,000 shares now @ 0.051 = $15,300
vs
Buying 300,000 options now @ 0.009 = $2700

Personally right now with a few months to go before 31oct2021. I wouldn't be buying them but they are dirt cheap. So each to their own and def not advice.