ADOO is 3.6c and the exercise price is 1.2c being total cost of 4.8c. Share price is currently 6.2 and the day vwap has been 6.6998. Taking a conservative view you could do the following and money some easy money:
1. Buy 250,000 units or ADOO at 3.6 being cost of $9,000 2. Exercise options being cost of $3,000 3. Sell 250,000 units of ADO at 6.2 and receive $15,500 4. Make profit $3,500 without too much drama.
Or am I missing something???
ADO Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
