I dont see the issue here, correct me if I'm wrong.
if i buy 100k oppies of ibxoa for 5c ill be spending 5k to buy that lot. Then since its strike price 3c, i need 3k to save up also I have time till 2023 to do so if im to convert them to full shares later.
in 2023 depending on ibx price, i can decide if i need to convert my oppies to full share or not depending the share price at the time. If sp is down to 1c and i lost the faith of ibx then i have the liberty of take a 5k loss by let it to expire. Because if i convert at that point ill have paid 8c per share where actual price is 1c. Here i can use that my saved up 3k to by more shares if I still believe in ibx at that point. but if sp is 20c then I pay 3k strike prce and convert to full share. This way my total cost is 8k and in this situation I'll be sitting at 12k profit.
I believe strike price 3c is not changing.
this is how I understand the company oppies like ibx. Its main advantage is give you a leverage imo
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $891.1K |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $102 | 4.063K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 97637 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 3128 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 97637 | 0.026 |
1 | 5313 | 0.025 |
2 | 89256 | 0.023 |
2 | 162999 | 0.022 |
2 | 130000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 3128 | 2 |
0.028 | 79651 | 1 |
0.029 | 130296 | 1 |
0.030 | 180000 | 1 |
0.031 | 10384 | 1 |
Last trade - 13.25pm 27/09/2024 (20 minute delay) ? |
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