Do I really have to spell it out to you Aka? Surely you are not that naive?
A good announcement may send the share price from $2 to $3.
The shareholder will make 50% if purchased at $2.
If a right is purchased for 5c when the share price is $2, it is likely to be worth over $1 if the underlying goes to $3, that being a 2000% gain.
You are assuming no positive news at the AGM, I'm expecting highly positive.
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