To those of you who may be new or don't understand the options,...

To those of you who may be new or don't understand the options, here is how they work in simple terms:
Anyone please feel free to correct me if anything I say is incorrect.

IBXOA is currently trading at 0.027 and has a strike price of 0.03 and expires in April 2023.

Say you purchase 100,000 IBXOA's right now, that will cost you $2700 (100,000 * 0.027).
At any time before the April 2023 expiry date, you can convert these IBXOA's into IBX shares, but at a cost of 0.03 per share.

Say you decided to convert all 100,000 IBXOA's into IBX shares. This would cost you $3000 to do (100,000 * 0.03).

So now you have 0 IBXOA's and 100,000 IBX's and the total amount you have spent is $2700 + $3000 = $5,700.

However, since IBX is currently trading at 0.052, exercising (converting) the options as per the example above would not be smart, as 100,000 shares of IBX at 0.052 is worth $5,200, not the $5,700 you have spent.

So if you bought 100,000 shares of IBXOA right now at 0.027, you would want to wait for IBX to go above 0.057 before you are "in the money" and the exercising of the options is profitable.

I hope that makes sense.
The same logic applies to the IBXO's, except the strike price is 0.05, not 0.03 and the expiry date is November 2021.

Let me know if you have any questions.