25c to excercise an option to get a 22.5c stock is a bad deal any way you look at it. Those owning the options are better off buying heads on market assumming the options were given free.
I was going to keep some money aside to excercise these but 25c is a very high strike price. (the last ones i converted were 0.025 to convert (and that was so i could get the dividend that was announced for the stocks held! FGR is quite a long way off divvies imo!)
I get they jacked up the excercise price from 20c to 25c to encourage holders to convert but it seemed like a bad deal back then so didnt bother.
I dont really see people buying options now and paying any sort of premium given we are in the count down to expiry - as much as i am a long term holder i need an incentive here which these options just dont provide. It would be charity on my part to spend to convert. Ill need to see a price in the 30s also like another investor mentioned in a recent post.
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Ann: Update on Exercise Price of Options, page-16
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Last
5.4¢ |
Change
-0.001(1.82%) |
Mkt cap ! $35.6M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.1¢ | $14.32K | 278.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 84908 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 105958 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 84908 | 0.051 |
8 | 385286 | 0.050 |
1 | 10000 | 0.049 |
2 | 63000 | 0.048 |
1 | 21250 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 186172 | 5 |
0.056 | 214352 | 3 |
0.057 | 129000 | 1 |
0.058 | 25000 | 1 |
0.059 | 436509 | 1 |
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