KEY 0.00% 0.1¢ key petroleum limited

whacko da dids..., page-24

  1. 157 Posts.
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    The options conversion has little overall effect on the market cap.

    eg. At SP = 0.40, undiluted market cap is approx $34m (based on 86m shares)

    Diluted market cap would be $52m (due to 44m options being converted), but the converted options would generate $15.4m extra cash. $52m - $15.4m = $37m, essentially the same as prior to conversion.



 
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