head v tails, page-8

Depends how YOU convert Vs simply sending the company the correct form and some money.

eg. you can ''pass the parcel' convert on market atm ( which does not benefit the Coy ),by simply selling an option for .6c on mkt and buying a share for 1.1c thus quasi converting for half a cent. But you would only do such a thing if you were;

A considering yourself to be heavily overweight in options AND;

B of a strong belief, that you planned on converting them all along BECAUSE,

C you believed they would be well in the money in mature life AND OR,

D did not plan on selling heads to fund tails for 350% or greater conversion rate to the current ratio

but getting back to your question.

Many companies offer option conversion facilities via a facilitating broker, usually at a 5 or better % discount to the stated conversion price.

ESI has offered such facilities in the past I seem to recall