OK children let's do the basic math.
I subscribe for say 2000 shares under the scheme @ .13c = $260
& I get 1000 free options which I will at a convert later date for .20 each = $200
By that time I have 3000 shares costing me $460 in total.
Alternatively I could buy the 3000 shares today at .145 cents each for a total cost of
$435
Concentrate children the lesson hasn't ended yet!
If I'm wealthy enough to buy all my shares today I negate any risk in the share price not reaching the option strike price in the future and it becomes uneconomical to convert the options ( ie SP is less than 20c at conversion date)
I end up only having 2000 shares for $260 cost. Which at 13c each is a good buy.
However by participating in the scheme I'm feeding additional funds to the Company for growth and not to another shareholder to transfer their existing shares.
Lesson ended children......
Now for homework tonight ......,,,
OK children let's do the basic math. I subscribe for say 2000...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
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