Hi
So i have some LKK1Y, whats the adv/disadv on settling now compared to say in 6 months? Is there any difference? Somehow I don't fully understand it.
Would be nice if someone had an explanation for that.
Thank you guys.
Hi derclou! (your name reminds me of the german version of The Sting:
https://de.wikipedia.org/wiki/Der_Clou) ;-)
LKK1Y-token are forward contracts to receive LKK (company shares). From the moment on you settle your LKK1Y they are locked up for 365 days. After that period you'll get LKK for your LKK1Y (1:1).
Advantage if you do it now instead of in 6 months: You'll get your LKK earlier since the 365-day-period is always the same once you make the decision to settle them. Disadvantage: You can't sell them during that time.
With other words: If you want to stay flexible, maybe because you're not sure if you want or might need to sell, you can let it as it is. If you are longterm-focused and optimistic about Lykke it would be smart to settle your LKK1Y's to get LKK as soon as possible.