option questions, page-5

Snicket,

With regard to "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".....just remember you don't have to convert all of your oppie holding. If you can't convert all of them, convert enough to take enough profit from sale after conversion to cover your initial outlay (plus a bit for margin). As an example....you have 1 million oppies at .004. They owe you $4k. The sp runs hard after the 24th and at 28th June they are 40c after a motza gas flow. If the sp holds you only need to convert 20,000 and sell them to cover your outlay. You need to check out CGT implications. If the sp drops back, but remains above strike price, in the two weeks to get your stock, then at least you have reduced your loss. You will see how to do this on your application to convert.

I don't have the cash sitting around to convert....but I am making arrangements to have it if I need it. But it will need to be well north of 20c for me to carry the risk for even such a short period.

Seda,

Ask your questions before buying......you will get a better response. Better still.....see a licensed advisor about it.