ARR 10.5% 25.5¢ american rare earths limited

That's interesting. Have I got this right? Say you decide to...

  1. 567 Posts.
    That's interesting.
    Have I got this right?

    Say you decide to covert 50,000 bpl options to heads @ 8c strike price = $4,000
    Then you convert 50,000 heads to COB in specie @ 4.168 = 12,000 COB heads
    (and you still have the 50,000 bpl shares)

    But, if you wait for the public ipo your $4,000 @ $.20 per COB share = 20,000 COB heads
    (and you still hold the bpl options valid for 3 years)
 
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