ARDOA are not in the money! You left of the 3c cost of the option in your calculation. The FP shares would need to be trading above 8c for the options to be in the money. ( based on 3c cost of option plus 5c conversion ) ARDOB are in the money by .7c at the moment.
ARD Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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