Let me put it another way. People buy options for leverage. Example, and just to make it easy, if the heads went to say 50 cents that’s 10 x current value , so 10 x your money, allowing for the 12 cent conversion that would put the options at 38 cents, due to there long expiry approx 20 months they may trade slightly higher so let’s call it 40 cents, that’s 28 x your money on current options price, hope this helps,,cheers and good luck..
FRX Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
