Something just doesn't add up with the SPP.
You can buy in lots of $1000 at 2c a share. For every share you get 2 free options.
The options have an excersiable date of 2c 5 years from now.
Let's assume you buy 50,000 shares at $1000 and get 100,000 free options. What price will the options list at? I'd say around 0.8c. That means you can sell the options at $800 yet still keep the shares. Net effect 50,000 sharss have cost you $200.00
It sounds too goo to be true. I will be risking it and buying $2000 worth. The way I see it, if it goes back to 14c, a $2000 investment now will be worth $28,000. A ten bagger for sure.
Hope they pull it thorugh,.
is it a scam
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