You can sell your options at any time prior to their expiry.
Alternatively, you can exercise/convert your ARDOA options to regular shares if you pay 5c per each exercised option. You can do this at any time prior to the options expiry date, although it would make no sense to pay for exercising options (5c per option) if you could buy shares cheaper on the market (at 2.2c per share right now). Looking simplistically, for you to make money by exercising options (paying the company the exercise price), as opposed to buying shares on the market, the current SP would need to be higher than the exercise price plus what you have paid for the options. Options assume a positive SP movement by their expiry date and, when this does not occur on the expiry date, they expire with a zero value.
The money from exercising options goes to the company and helps funding its future activities and it's usually a good thing, although this increases the number of issued shares (causes some "dilution").
Regards, Dratoz
ARD Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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