My take on the options:
The exercise price of the options is when the heads reach 7 cents (currently trading at 5.5 cents, therefore 1.5 cents to go)
If the heads reach this price at time of expiry (i.e. 28th of August) you can convert your options into heads through the relevant Share Registry.
If on the 28th of August the heads are trading at a premium to the target price (i.e 7 cents) you walk away a happy man as you have the right to purchase POD @ 7 cents
On the other hand, if the heads do not reach 7 cents by the 28th of August, you have a redundant investment which will need to be claimed as a loss.
Based on the trading over the last 48 hours, the share price has climbed from 4 cents to 5.5 cents, therefore it wouldn't take much based on the current trend and volume to get up to the 7 cent mark. In addition to the trend, we are hoping POD releases an outstanding announcement so the heads are well over 7 cents.
It is also important to note that the options were offered to shareholders at 0.2 cents as opposed to being free
All in my opinion of course !
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