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Oooohh I see... Why does AGO allow you to do this? And if the...

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Andrewy42

25 Posts.

22/01/17

16:29

Post #: 22060553
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Originally posted by summoner ↑

Basically it means at that by that date you have the right to exercise the option of purchasing shares equal to the amount of options you hold for a fixed price of 7.5c/share.

If AGO shares are valued at 10c/share at the time you have yourself a nice saving as the cost to you is 7.5c+cost of your option (provided you bought options at a low enough price of course).. if they're below 7.5c you most likely wouldn't exercise your right and as such forfeit your options losing what you paid for them.

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Oooohh I see... Why does AGO allow you to do this?
And if the share price doesn't reach 7.5c by option dates is that a bad thing in general?

Thanks so much by the way!

AGO Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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