Cl8O are listed tradable options. They are an option to convert...

Cl8O are listed tradable options. They are an option to convert into normal equal ranking CL8 shares for 2 cents prior to the end of April 2017, 8 months away.

To convert you can get a form from the company and pay 2 cents per share you wish to convert from an option at any time until the expiry date.

The tempter is you can buy options for .005
Cents now and have time until the option expires, meaning you can leverage higher by purchasing more options at .005 then you can shares at .019 currently.

If they expire in converted they are worthless, if the 30th of April comes round and the share price is lower then 2 cents plus your purchase price of options the same.

Options can be traded normally or used to hedge, hold shares and options then sell shares if the options are in the money and convert options to create a bigger holding. Or as often happens with spec shares options expire worthless!

No doubt you can google a better explanation then this.

Cheers
TTB