If I had 100k of bitoa, and $6,000 in my bank account, I now have 100k of BIT shares, and $0 in my bank account. At the time I bought BITOA they were 2c cheaper than BIT allowing for the 6c exercise price. So even if the prices did not change I made 2c per option by converting to BIT, or $2000 on that amount. Of course I had to face the risk of the prices changing. and my options being unavailable to trade during the conversion process, or the risk of needing to apologise to Biotron and request my cash back if I did sell the options somehow.The exercise instructions are here: https://www.biotron.com.au/investor-centre/limited-options-exercise-instructions/
Very simple.
BITOA/ BITOB, page-59
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $23.46M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.7¢ | 2.6¢ | $51.84K | 1.992M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 198646 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 199924 | 1 |
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