It is the other way around i believe(ie) you have the "right" to buy 1 option for every two shares held at a purchase price of 0.005 cents. The expiry on these is on June 30 2010 at a strike price of .15 cents. So basically if you have 100,000 shares then you have the right to buy 50,000 options for 0.005 cents ($250) and if the share price rallies above .15 then you will make money on those options above that lvl.....Basically you are hoping that the money you are giving them will allow them to turn the company into something decent in the 1.5yrs between now and expiry !...lets hope so. (DYOR etc).
CTS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
