i believe the hedge funds aquired most of their options on market around 1-5c just before exercise date.
donner I suspect hadn't counted on so many options being exercised which is part of the reason they did that disastrous underwriting for another 50~ mil @95c after fees.
donner and the hedge funds are not friends. they had a bitter battle when they proposed a special meeting. mgt have to be realists though. shareholders can control who manages the company. if the hedge funds want something, they have 30 million votes each so they must pay heed. don't feel it is a conspiracy, just reality of 1 share 1 vote.
- Forums
- ASX - By Stock
- LRF
- lrf v shady looking ann
lrf v shady looking ann, page-20
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online