IK
I will try to explain you are wrong with your calculation
Eg. if not converted 1 mil Tail x 0.05c = $50000 ( sell in the Market)
Cost of the above minimum purchase .001c = $1000 Profit = $49000
if converted 1 mil Tail = 1 mil head and pay exercise price 0.009 Option A=$9k
Cost of the above minimum purchase .001c and pay exercise price 0.009
Option A = $10k
Then, 1 mil Head x 10c ( Head likely double price of Tail) = 100k. - $9k = $91000 net.
Then, 1 mil Head x 10c = 100k, cost converted = $10k Profit = $90k
On the above scenario 1Mil oppis not converted sp 10c say today's timeline then oppis could well be traveling @ 9.5c
Sell 1mil oppis @ 9.5c = $95k cost of Oppis $1k Profit = $94K
Say for arguments sake you have 15M oppis purchased @ .001
Relating to the above scenario
15Mil oppis converted = $1.5mil cost @ convertion 15 x $10k = $150k PROFIT =$1.35Mil
15Mil oppis sold @ 9.5c = $1.425mil cost of oppis $15k PROFIT = $1.41Mil
Profit on above scenario puts the unconverted oppi scenario up by $60k
All sorts of scenarios open up with the oppis
Ie
the gap will vary the sp will vary
you just have to watch the market and make up your own mind
Tbird if a deal actually takes place i wont be selling early that's for sure as a matter of interest apart from the mandate what would your reason be for converting early? P+D to get the oppis over the line maybe but were already there.
The above examples are just that examples theoretical scenarios
Pro
sorry was replying to
The heads will be the excercise price behind the heads... Give it take a pip
Not always the case i was saying thats all
GO ESI
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