I have some TONOB in my portfolio now which I acquired during the recent entitlements offer.
I note that these are exercisable at 11 cents so I assume that if, for example, if TON was 50C a share I could convert these options at a cost of 11 cents per share and have shares valued at 50 cents per share - no brainer and I understand that part.
My question is - can i sell these at any time at the price they quote? Are they effectively fully quoted shares?
I'm not planning to sell them, just curious.
Aprpeciate any help as I am pretty unfamiliar with options.
