If I can be daft and ask a potentially silly question... I can see the IXRO shares on CommSec, and I can see my allocation there as I took up my portion in the offer.
I didn't realise they are essentially 'on market' to buy/sell... (this is my first stock that has done this, so I'm feeling my way along on this)
Currently they are at $0.006 - does this mean I can buy more of them, hoping the share price goes up in the next few years?... say IXR goes to .50c, I can use my allocated IXRO and the newly bought IXRO to get that number of shares at $0.026 instead of the 50c?
Yes you are absolutely correct
You can buy more options on market like any other tradable stock
At any time until 30 September 2028 you can convert those options IXRO to ordinary shares IXR simply by paying the nominated strike price of 2.5c per share (note the strike price is 2.5c not 2.6c)
So yes if say IXR is 50c some time before 30 September 2028 you would be entitled to convert some or all of your options to ordinary IXR shares at 2.5c effectively making a paper profit of 47.5c per share exclusive of trading costs
Note if IXR shares are say 50c the options IXRO would be trading at considerably more than the .006 they are now and more likely in the low to mid 40c range so if you just wanted cash you could simply sell the options on market rather than converting them
So I guess you could say you have plenty of......well.....options
You may like to consider and visit the CGT and general tax treatment of options as well to understand all financial implications
