Unless Harrington's have been selling an equivalent number of shares on market in the last 2 weeks, they couldn't exercise their 17.5m options without contravening the Corporations Act (given they hold over 20% of KPO).
From a financial point of view though, it's money for jam!!! Sell above 5c, exercise the options and bank the profit. I guess we'll find out soon enough.
On the up side, if they do convert, it's another $875k in the kitty.
The KPO jigsaw puzzle, page-116
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Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $23.62M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $3.547K | 373.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 8513270 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 647959 | 4 |
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| Last trade - 15.18pm 11/09/2024 (20 minute delay) ? |
| KPO (ASX) Chart |