Hi all Long time follower first time poster.
I'm seeking some clarification on the options (I hold both options and heads).
below is a snip from the quarterly report specifically talking about Cove having first right of refusal to exercise the December 0.02c options at just 0.002c mean they could convert all the options for around $1,300,000 and these would well and truly be in the money with the current share price considering its 1/7th of the current share price! is this correct or am I missing something here?
If this is the case doesn't that mean the options will most likely get converted no matter what and dilute the shares anyway?
Is this not incentive enough to get the options in the money for a 2c conversion to give the company a $13,000,000 pay day.
maybe I'm way off base are they talking about different options?
Hi all Long time follower first time poster. I'm seeking some...
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