A scenario. Say you have $20,000.00 you buy oppies at 9 cents...

A scenario. Say you have $20,000.00 you buy oppies at 9 cents say 200,000 shares. You buy $20,000.00 of ordinary shares at say 22 cents say 90,000 shares.
They then do a CDU and announce all sorts of goodies taking it to $7.00 Oppies $6.70
Oppies 200,000 x $6.70 = $1.34 million
Ords 90,000 x $7.00 =$630,000.00
Oppies being out so far in exercise worth the punt.

Same outlay with greater leverage.
D.Y.O.R.