Say they bought those options for 22 cents and it costs 1 cent to exercise, thats 23 cents for a share. The price per share is now say 12 cents. If they convert their options for 1 cent, they stand to be down 11 cents per share. If they do not convert the option to a share they stand to lose 22 cents per option. Now the decision is do I outlay 1 cent per option to convert to a share and have a 12 cents share, being down 11 cents on my purchase price or do I not convert (outlay 1 cent per option) and lose 22 cents per option.
I guarantee you whoever is still holding IS converting.
Say they bought those options for 22 cents and it costs 1 cent...
-
- There are more pages in this discussion • 1,608 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CLA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $31.41K | 2.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2186711 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 3441700 | 5 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CLA (ASX) Chart |