hi gordon geckoo the options allow you to give the company the...

hi gordon geckoo the options allow you to give the company the option back and buy a share at 40 cents any time before the expiry at the end of next year. if you do not exercise the option at the end of next year, they cancel. so when you are buying the option at 20 cents you are paying 20 c for the option + 40 c for the shares at some later point. best value is to hold options now and exercise them next year.

people are buying the options because the value is so good. 23+40=63c. if share price is 57c you are paying 6c effectively as a premium in return for not having to pay more money now to buy the share. so if you think thc is going to be 1.50+ soon, the option is better because you can buy more of them at the lower price plus options usually move higher than the shares do.

however they also fall quicker than the shares so buyer beware
this is not investment advice so do not rely on it please always DYOR

(first post yay)