No one forces options out of the money to secure an underwriting deal. That's not how it works.
The AVL register is full of retail punters (AVL's biggest problem and the reason it trades like it does).
The last option exercise (125m Dec 2017) went largely unexercised (44m only) despite being in the money.
It struck me as strange the company would let that happen (not secure an underwriting agreement) but who I am I to judge.
AVL Chart, page-2593
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $43.22K | 2.925M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 25717844 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 3879109 | 11 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AVL (ASX) Chart |