re: Ann: Dispatch of Option Entitlement Issue... I'm new to options and I was hoping someone will be able to help me out here.
ARD are offering 2 options for each share held at 1c each, and with an excise price of 17.5c expiring 03/2016.
I'm not clear on the advantage of buying future shares (via the options) at a cost of 18.5c (1 + 17.5c), when I can buy shares now <5c.
What am I missing here?
Ann: Dispatch of Option Entitlement Issue Prospec, page-2
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