ASN Chart, page-3516

Let me try another way to explain why I don’t think you’re on the money. Of course with SP changes along the way things will change, but how about this:

Let’s use the number you suggested : share price is 30 cents (sometime in the future, hopefully well before 2023!)

I paid 9.1 to exercise my option to get 1 share = profit on this share is about 21 cents.
I got a free option for doing this which I can exercise (pay 20 cents) so SP of 30 cents minus the 20 cents to exercise = 10 cents profit on this share.
So my total of unrealized gains is 21 plus 10 on the two shares = 31 cents total.

Now in your case with your numbers, you bought the ASNOC oppie at 7 cents and exercised by paying 3.5 cents = 10.5 cents. So, if the SP is really 30 cents, then your unrealized gain on your one share is only 19.5 cents.

Also, don’t forget that the free option will be tradeable. So if the SP was really 30 cents, you could simply sell the option to some money without coughing up more to exercise it. Your gain would be less than my 31 cents, but more than your 19.5 in this case for sure.

Anyway, good luck. Hope this helps.

FYI, I really think imo we will get some news between now and the 24th of next month to make the gamble even more attractive, but without heads by the 24th of this month, you won’t qualify for the deal.