Those that participated in a CapRaising last year obtained some. They can be bought on the ASX like an equity stock, ie it has a price, bids, and asks and a code IFEO.
With the option you have the right to convert it to a share at a given price.
You can see IFEO has an Expiry Date, 31st Marh 2011, and an exercise price of 75c.
Therefore you have the OPTION to pay 75c to convert your option.
You convert by filling in a form.
The company then gets the money (and therefore more funds) and you get the stock.
If you dont convert before the exercise date, the option is gone.
So you have three choices:
1) Convert the option before 31st March 2012 2) Sell it on Market (or chose to buy some more and then convert them) 3) Do nothing - worst choice since it expires and you have nothing for it.
TRFO also exists. DYOR.
TYX Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
