You can own SURGE without LSTR. SURGE is a convertible note.
By owning it you get 15% return (just like HBD in savings). There is presently a 10% discount, with it being sold at 90 cents.
Once $LSTR hits $50, the conversion is 50 SURGE = 1 LSTR. If you hold as the LSTR price goes up, the conversion is the same 50 SURGE = 1 LSTR (or $1 each).
If LSTR goes to $100, you conversion doesnt change but you have a LSTR worth $100 (or $2 for each SURGE).
PLUS you get the 15% APR the entire time you hold SURGE.
Okay, thanks for this explanation.
I would have gone for 50 $SURGE but not having enough funds, so I think I can do 25 $SURGE and hold in one account or split it to be in my two accounts.
What would you suggest?
It is a 50:1 basis.
If you get 25 SURGE, then you get .5 LSTR.
Yeah, I got that. Thanks. Will get some.