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Zacsydney

3,177 Posts.

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19/04/22

17:14

Post #: 60918116
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Originally posted by Farm777: ↑

Hey Zac, if you have 2,400 options then you at some point had/have 36,000 IHL shares. To covert your 2,400 options you can:
1. Raid the piggy bank and pay $840 cash from your bank. You can then convert your options today.
2. Sell approx 1,750 of your IHL shares today. Wait 2 days for the funds to clear into your share cash account and then use this money to convert your options. The 'tomorrow deadline' relates to the fact that if you sold shares tomorrow, the money wouldn't be available for you to use until 22nd, the same day as the options expire. You would then be at the mercy of the bank processing your payment fast enough. People usually like a time buffer to avoid any hiccups.
3. Do nothing and let the options expire.

If you convert any options then they will appear as shares in your broker account on 29/04. You can then:
1. Keep these shares.
2. Sell some of the shares so that eg you have your original number of 36,000 shares but now with some extra cash.
3. Sell all these shares at the market rate.

DYOR, Not financial advice.

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Thanks Farm I have converted all my options today before the 22 April deadline, and paid the money via Bpay. I will now hold them as not in a rush to sell them and I'm sure we will be back to 65 -70 cents with imminent newsflow.

IHL Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
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