"See below company's announcement abstract and just read second paragraph which clearly says options are given free and there is no "Cash in Bank"... IMO ..." – Please, please, PLEASE!!... invest some of your time here: ASX options course
You only need to do topic 2: What are options. It will take you less than 30 minutes.
Once you have completed and understood the material you will realise what a ridiculous statement the above is. The options are granted for free. The shares are not. If the recipient of the free options wants the shares they will have to pay to exercise the options and get the shares.
Excuse me now, I have to go and punch myself in the face for allowing myself to remain hooked into this conversation...
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- Ann: App 2A - Application for Quotation on Exercise of Options
Ann: App 2A - Application for Quotation on Exercise of Options, page-21
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