I noticed that the bonus option issue has underwritten by Leadenhall Australia Pty Ltd. This means any options not picked up by us will be picked up by Leadenhall , correct? I wonder what the underwritten fee structure will be ? Should XPE release such infor by any regulation ? From this information, we shall have some judgement on information that BoD holds and yet to be announced.
I am thinking if a company agree to underwrite the option , it must have been convinced that the options will go in money by XPE management. Therefore, the probability of the sp up to 4cents within the 6 months should not be too low.
Was my understanding correct ?
Ann: Bonus Options Offer Prospectus and Appendix 3B, page-124
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