Have a look at the wording:
"the Albion Board retains the right to place any Shortfall to any person at their absolute discretion within 3 months after the closing date of the Entitlement Offer, at the same issue price of $0.001 (0.1 cents) per option."
Now do you understand a different purpose of this options issue - not to reward 3 months worth of loyalty - but to create an opportunity to issue millions of "Shortfall" options to insiders at a minuscule 0.1cents (compared to fair value of maybe 5-7 cents). There is no need at all to have this ability to issue "Shortfall" options - just issuing the loyalty ones is enough to reward 3 months loyalty.
I had been considering investing in this company, but this action leads me to question whether the Board and management would be always acting in the interests of all shareholders (always a key criterion for me in a new investment).
All IMO, and happy to hear views on this.
- Forums
- ASX - By Stock
- ALB
- Ann: Loyalty Options Prospectus
Ann: Loyalty Options Prospectus, page-8
-
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALB (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $2.741M |
Open | High | Low | Value | Volume |
4.3¢ | 4.3¢ | 4.2¢ | $2.125K | 49.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 178635 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 24875 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 178635 | 0.042 |
3 | 138195 | 0.041 |
1 | 83361 | 0.036 |
1 | 200000 | 0.035 |
1 | 41708 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 24875 | 1 |
0.046 | 25813 | 2 |
0.049 | 15000 | 1 |
0.055 | 48600 | 2 |
0.079 | 16666 | 1 |
Last trade - 15.40pm 09/10/2024 (20 minute delay) ? |
Featured News
ALB (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online