Hi pluggar.
I bought 50,000 at $0.012 of Options at a cost of $600.00. If I convert 50,000 options on offer by VRC at $0.02 it will cost me $1000,00, total of the two is $1600.00 and I will have 100,000 fully paid shares.
If I let my 50,000 Options lapse as suggested and buy 100,000 on market, even at $0.02 cents it would have cost me $2,000.00 in total against $1600.00. The price at present to buy on Market is $0.026 cents per share, =$2600.00 to end up with 100,000 shares as against $1600,00.
Sorry if I did not make myself clear.
Regards
Westcott.
Ann: Volt Secures $4.7M Option Underwriting Agreement, page-55
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