Loyalty Options

[Guest robert_c1968]

Hi, 1414 Degrees floated last year and I bought stock and they gave me 1500 options @$0.35 EX 21/08/20.   I don't know anything about trading Options.  I also don't know if the options are to sell or to buy at that price.  Basically all I want to know is whether it is more advantageous to exercise them when the stock price is lower than 0.35 or higher?

Rob

[CharlotteIG]

8 hours ago, robert_c1968 said:

Hi, 1414 Degrees floated last year and I bought stock and they gave me 1500 options @$0.35 EX 21/08/20.   I don't know anything about trading Options.  I also don't know if the options are to sell or to buy at that price.  Basically all I want to know is whether it is more advantageous to exercise them when the stock price is lower than 0.35 or higher?

Rob

Hey @robert_c1968, thanks for your message. 

Unfortunately our Australian corporate actions team aren't around at this time. I haven't heard of a corporate actions that offers options. What I would suggest is calling our help desk during Australian working hours so they can speak with our corporate actions team and clarify what the outcome of this corporate action is and how to trade options. 

I will also email them and post their response on here tomorrow.