Pretty much yes. Xped will give you 1 option per 10 heads you...

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Patiktik

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15/12/15

14:50

Post #: 16618401
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Originally posted by Terrorbyte ↑

So being new to this, I haven't had any experience with options. My understanding is the following:

RYG are going to give 1 option per 10 shares owned in the company.
These options will have a 3 year life in which you can convert them to RYG from RYGOB (Xped by that stage)
If you do not convert them, they will lapse and you gain nothing.
If you do convert them, you need to pay for the conversion, and then they become fully paid ordinary shares.

What I don't understand is if you can sell them outright when they are issued, or whether they aren't really yours unless you convert them to RYG (heads? am I using the right term?), I'm guessing it's the former and you can sell them if you want, but if you want to hold long-term/ride the biggest SP fluctuations, then flip them to RYG?

Am I right here? Any information would be great. I googled as much as I could

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Pretty much yes. Xped will give you 1 option per 10 heads you own. When the oppies given to you appear on your account, it will be just like you bought options from the market (of course since this is free, you didn't really paid for the contract). You will only need to pay for the conversion price when you want additional heads or better yet, if the options price shoots up, you can just sell them as is and you earned money for nothing.

Mileage may vary. If the company is 20 or 30c by then, the sentiment on oppies will definitely change. I might be "forced" to convert. All IMHO.

RYG Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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