Company option with
strike price $0.25
expiry date 14 Dec 2020
If I bought EN1O today say $0.007 and
EN1 shares reached $0.40 say next month
I will be confident enough to convert my EN1O to regular shares.
Just need to call and pay the shares registry an additional $0.25 per shares.
Note:
Need to convert or sell EN1O before expiry dates or they will be worthless.
Hope this help.
Good Luck to All.