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
5.2¢ |
Change
0.002(4.00%) |
Mkt cap ! $32.96M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 64618 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 4322 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 64618 | 0.048 |
1 | 57104 | 0.047 |
1 | 12779 | 0.046 |
1 | 50000 | 0.045 |
3 | 160375 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 4223 | 1 |
0.052 | 90151 | 2 |
0.053 | 239416 | 2 |
0.054 | 378119 | 3 |
0.055 | 35000 | 1 |
Last trade - 10.04am 30/08/2024 (20 minute delay) ? |
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