The rights issue strike price of 3.5cents, does that mean @ 3.4cents they will be out of the money? therefore SP will be up 50% to reach the strike price - if the strike price is met & all options taken up, the SP dilution will be massive?
So is there room to stay on board & jump ship prior to the strike date?
On the other hand, GAS may just get its legs prior to the strike date & may put the option hldrs in the money?, of course the dilution to current shldrs towards TEGs GAS hldg will be hammered by this rights issue!?
I expect a number of TEG SHLDrs are here to position themselves for the potential GAS upside - this rights issue appears to be sidelining them?
This appears to be an imbalance across shldrs OR am I missing something?
Vote it down - No shares for the boys - Rights issue instead, page-6
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $38.08M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $80.74K | 4.022M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1240000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1468545 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TEG (ASX) Chart |