Senetas did this some years back. The oppies were way out of the money so they did a replacement issue @ 1c from memory.
Subsequently,the shareprice climbed on news & the oppies were converted "in the money" The result was a winwin but only after pressure was put on the Directors via substantial holders,represented by influential brokers.
blaze assets owns 5.14per cent of tex, page-28
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)