You buy AJMOA on market just as you would with the normal shares.
A few weeks after your purchase, you will be sent a 'conversion' form for you to use if you wish to convert your options into fully paid shares by the cut off date.
If you buy 100,000 AJMOA on market at 5cents, you pay $5k.
By the cutoff date in August, you either need to sell your options just as you would with normal shares, or pay the conversion price (15c) for each option to turn them into a share. If you converted 100,000 AJMOA, you would pay a further $15k on top of the $5k you already spent on purchasing the options, and this $15k goes to the company's cash balance.
You then have 100,000 fully paid AJM in your portfolio if you choose to go down the conversion path.
Hope that helps!
AJM Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
