You need to exercise the options before the expiry date. If you have 1 million options and the exercise price is 2 cents you will need to stump up to the company $20000. Then they will be converted into ordinary shares. So $20000 plus your initial $6000 and brokerage. Or the short answer is YES.
Do not think you have to pay brokerage when you exercise them though...just send the money to the company.
You need to exercise the options before the expiry date. If you...
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Mkt cap ! $1.868M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $6 | 1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2419677 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 370000 | 2 |
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| Last trade - 10.41am 07/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 38385 | ||
| Last updated 15.57pm 07/06/2024 ? | |||||
| PRM (ASX) Chart |