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Pactolus

1,284 Posts.

04/01/18

14:30

Post #: 30041462
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Originally posted by Rayda ↑

Mainy66

I only hold options and plan to convert on the 30 April, you could have picked up some this morning for $1.89 with the heads at $2.16 at the time, a spread of $0.27 cents, if you subtract the $0.15 conversion price then you have picked up $0.12 for nothing. Note this all depends on the prices at the time you buy.

I am very surprised that the options are lagging by some much, I expect as we get closer to April 30, there may be an even bigger discount from those sellers who do not want to convert and need to get out. They will probably stop trading about a week before the conversion date.

There are no issues with getting your money for the options if there is a takeover, you will be paid the offer price less the $0.15 conversion amount.

Just my thoughts and do not take this as investment advice.

Regards
Rayda

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I am a former Member of disallowed Rayda but I am not sure on options. One may have to convert but I do not remember if what you are stating is correct. It is best to call the company and check with it.. However, do your own research as my memory cells are a little foggy!

KDR Price at posting: $2.12 Sentiment: Buy Disclosure: Not Held
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