DXN 4.29% 6.7¢ dxn limited

Hi @valvesound, can you explain how the option works with the...

  1. 4,746 Posts.
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    Well judging by the volume I think news breaking soon is more likely compared to FOMO at this stage. By Friday this week we should know more for sure.
    Hi @valvesound, can you explain how the option works with the 10c target as I have never participated in Options before.

    1: Say DXN is trading at 15c and Options can now be fully convertible. Then what happens?
    2: Does 1 option now = 1 DXN shares? So only need to pay 10c for the DXN shares using the 1 Option?
    3: Would DXN shares now trading at 15c be effected by the exercising the Options at 10c at all?

    Thank you in advance
    Last edited by SMXtimes50folds: 18/09/19
 
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