Call option, please explain24 Oct 2020 10:36
Could someone explain in plain English what that means?
talking about this:
"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."
why not just buy now at 0.5? dont get it. sorry if this been discussed but cannot read 10000msg a day .