Ah ha! Awesome, really appreciate the breakdown. But I don't...

Ah ha!
Awesome, really appreciate the breakdown.

But I don't understand why you wouldn't only invest in VRCO if your profit margin is exceptionally much larger with the same amount of investment. I get that there's an expiry, but your odds would be better would it not? Or do people fear that by the time the options expire, the share price has not increased and therefore all investment is lost at that point in time? Whereas if you had only purchased in the equity, you can hold it indefinitely until the share price climbs back to par?

Again, apologies for being so illiterate in this space.