RE: call option26 Sep 2020 16:48
occams, it is an option to buy at 0.69p. they spent 1.1m on 630m shares, that is 0.175p an option.
Now if the prices gets above 0.69 and bellow 0.86 they can exercise the option and cover some of their costs, if the price is above 0.86p they will make a profit. It will be crazy not to exercise at these prices. if the price is bellow 0.69 they are not going to exercise and loose their bet of 1.1m.
They have actually bought the option as the statement bellow clearly indicates :"acquired ".
"Supply@Me has been notified by shareholder, Orchestra Group, that it has acquired an option giving it the right to receive 630,000,000 ordinary shares of the Company if the share price is at or above 0.6945 pence per share on 31 December 2020. The option cost is £1.1million."