Trustieone,You must own the shares by the RECORD DATE (which is...

Trustieone,

You must own the shares by the RECORD DATE (which is yet to be released to the market) to get the 0.5c 1 for 2 15c expiry options


They should list at a minimum of 6cents imo. They have 2 years to expiry, offer amazing leverage and this was a 75cent stock remember


In fact, they could list at 8cents.

So at 8 cents, they offer 3.5cents in value at todays levels on the ordinary shares

8cents/2 (as 1-for-2) = 4cents

4cents - 0.5c (cost) = 3.5cents


Thus, buying at these levels is cheap as chips.