thanks so much for the info heyso yes I'm pretty worried...

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BenPike

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15/03/21

13:43

Post #: 51773567
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Originally posted by stonkacc: ↑

what you bought are warrants or company options, which is different to open market options, either a market maker or the company can issue wither of them. You have the expiry date, before this date you can either execute the oppies or trade them, its risky because someone has to buy them, the market maker will but im not sure that that's a guarentee, beyond this date they expire worthless.

You bought the $00.001c option. Expiry 345 days. exercise price is .005. If you chose to trade it on the market you have to put in your ask. If before the expiry you chose to exercise your right it will cost $10,000 (2,000,000 x $.005), if you pass the expiry they become worthless and you lose your $2,000 and consider yourself lucky you didn't actually buy proper options, lol.

Oppies are good, if you think further down before expiry that the price of the stock will higher, lower entry, gives you time to accumalate funds for trade or exit but also high risk.

This is a good lesson though and motifapp is meant to release Q2 and ahead of schedule so you have 3Q of data to make your choice if you so chose to wait that long. NGL if you were to make a trading mistake this might be the luckiest one yet i've seen.

From here make sure you make your play and research price action and the likelihood of this trading higher, remember to think through your options, you can trade it (without buying/exercising it) or you can take the shares (2Million) by exercising the oppies ($10,000)

This is not financial advice, DYOR, GL!

This company needs to be sent in to Gary Vee, this is his area and zone let alone marketing and working with the biggest brands, He's always looking for cool investments and i think this would fit his criteria. Maybe just send him a message to take a look at the tech since he's always going on bout counterfeiting and brand awareness.

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thanks so much for the info hey
so yes I'm pretty worried after reading your message, lol

should I try and sell the 2,000,000 at .003?

it says a expiry date of 20 days,

if can't find a buyer after 20 days do I lose the 2,000$ or does the sale just go void and then try again?

any advice on how to get rid of them or set it up to get rid of them will be much appreciated

thanks so much,

geeez, a lot to learn, lol

thannnkkkkks heaps hey

YPB Price at posting: 0.3¢ Sentiment: Sell Disclosure: Held
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