Thanks for the reply marker. I wasnt looking for the answer to what conditions were placed on the $nill options, i was just curious if my understanding of how they work is correct.
I think there were around 20 million options listed as 230917 $.025
Am i correct in thinking this means if the holder wishes to convert them into shares they have to pay .025 per share?
For the options listed as $nill then to convert these to fully paid shares thete is no cost ie same as giving shares for free to holder.
Sorry but havent had many dealings with options and dont have a broker to ask, just wondering if i understood correctly.
Ann: S 708A cleansing notice for option exercise, page-5
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