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Ann: Update on Exercise Price of Options, page-17

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contraindicator

5,862 Posts.

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12/04/21

14:50

Post #: 52405183
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Originally posted by 1for1: ↑

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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if the share price is in the 30's say 33c then the value of the options are 8c.
If you feel that they are not worth anything i will gladly take them off your hands free of charge.

FGR Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.8¢		Change 0.001(1.75%)		Mkt cap ! $38.23M

Open	High	Low	Value	Volume
5.6¢	5.9¢	5.6¢	$19.37K	341.4K

Buyers (Bids)

No.	Vol.	Price($)
2	84341	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	86875	1

View Market Depth

No.	Vol.	Price($)
2	84341	0.056
3	232900	0.054
1	100000	0.053
1	12000	0.052
2	68800	0.051

Price($)	Vol.	No.
0.058	86875	1
0.059	113592	2
0.060	22860	2
0.062	157512	2
0.063	4080	1

Last trade - 16.10pm 10/05/2024 (20 minute delay)


Last 5.8¢			Change 0.001 ( 5.45 %)
Open	High		Low	Volume
5.6¢	5.8¢		5.6¢	307594
Last updated 15.36pm 10/05/2024 ?

FGR (ASX) Chart