Whoever is holding needs to convert before the expiry date (Sept 2025).
Hypothetical scenario:
Let's say SUM boosts to $2 off favourable results. Someone who has bought SUMO for 10c can convert to full SUM shares for the 25c price (10c + 25c = 35c total cost). Once the SUMO are converted to SUM, then they can be traded at the $2 price, so paying 35c for something worth $2.
This reason above is why as the SUM price goes up, SUMO won't trail it by exactly the conversion price (25c). A $2 SUM price would see the SUMO price around $1.50 - $1.60. This way, there is still an advantage to buying SUMO cause you can convert and still make money. If SUM at $2 has SUMO $1.75, then may aswell just buy SUM.
All just my opinion.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
3 | 105669 | 18.0¢ |
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Price($) | Vol. | No. |
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19.0¢ | 79927 | 1 |
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No. | Vol. | Price($) |
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2 | 6300 | 0.185 |
3 | 105669 | 0.180 |
5 | 175214 | 0.175 |
4 | 222295 | 0.170 |
1 | 88000 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 2000 | 1 |
0.175 | 6500 | 1 |
0.185 | 13500 | 2 |
0.190 | 79927 | 1 |
0.195 | 74500 | 4 |
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