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0.00% 16.5¢ avanco resources limited

can someone explain this to me - options

  1. rule1110
    60 Posts.
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    15/10/10
    20:28
    Post #: 7338059
    I was just looking at the ann regarding Colin Jones unlisted options 500 000 at 20c. Can someone explain how this works? Does he have to pay 20c to convert these to normal shares? Excuse my ignorance I'm new to this. Also I noticed he was given 270 000 normal shares which would have dropped in value like the rest in recent days. Seems like an experienced person so he must have some faith in the future of AVB.
    AVB Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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