IMU 4.00% 4.8¢ imugene limited

So how does the leverage work? I'm essentially buying the IMUOB...

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    So how does the leverage work? I'm essentially buying the IMUOB for today's head price if I convert them. If the heads we're 25c when I convert how is it better than buying heads? Sorry for the questions I could do some research myself.
 
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