LCL 11.1% 1.0¢ lcl resources limited

Sorry I’m just trying to get my head around options completely....

  1. 352 Posts.
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    Sorry I’m just trying to get my head around options completely.
    Say I buy LCLOB @ .04 & then they hit there conversion price of 0.16 or whatever it is. Do I then convert them with the profit I’ve made from purchase price to conversion? Sorry if I’m confusing you as I’m confused myself! Haha.
 
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