ASC adultshop.com limited

Ive never had options before,could it be explained to me clearer...

  1. 33 Posts.
    Ive never had options before,could it be explained to me clearer please.I hold 320k asc shares.So do i recieve 160k options @ 10c? total of 16k worth?
    and must be sold before 30.6.06,hopefully around 10c?
    Sounds good to me?? ta!
    P.s Hi cayenne,your input much appreciated
 
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