seda I don't think that because noone has responded to your questions that it means that people here have little idea about anything. As for your questions there are a few too many ifs and buts 4 me...but as far I know the co. hasn't yet ann. the day that the options will stop trading. The ASX website states it is usually 5 business days before the expiry date but you just check out the others expiring on 30 june and they seem to go with 23 June. Personally I think that is the least of your/our worries, a day here or there isn't going to matter. Either the company has the ability to get the options in the money in the next week or not.
To say the sp is not going to hit 20c plus in the next 7 days of trading is a big call. A lot stranger things have happened, you just watch how easy it will be to get this thing above 10c
If you don't have the money to convert 1 mill plus options then you r purely in for the trade and should be prepared for the consequences of such actions..i.e to lose it all. I don't have the cash to convert so if as it is looking at the moment they finish out of the money then I lose.
The converting process is usually pretty standard involving u sending off a cheque to the co. by the expiry date, if the heads r trading close to 20c then it is clearly a judgement call as to whether u send off that cheque, i.e. if they trading less than 20c why not just by the shares on market unless you feel that boosting the co's coffers with your cash is a good ploy... I think you need to speak to a financial adviser as some of questions border on seeking investment advice. Fact is options r a big risk/reward play
GDN Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
