So if the shares are $0.40 at any time, your options are "in the money" by 15cents.. So if you convert them for 25cents per option, you get that many shares for 25cents, which would put you 15cents per share in front.. its effectively an issuer sponsored call option (loyalty option) you pay 1/10th of a cent for the right to own each option. You can convert at any time for 25cents prior to april 30, 2026. Probably goes without saying, but if shares are at 10.5cents, then youd be crazy to convert... but you pay 1/10th of a cent per share to buy yourself 3 years... mad not to do it..
IHL Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
