AGE 6.52% 4.3¢ alligator energy limited

Ann: Proposed issue of securities - AGE, page-21

  1. 854 Posts.
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    Yep, pain in the butt - 1 unlisted "loyalty" option for every 10 AGE shares you hold - expires 1/2/2022 (so you'll only have them for 3 months and can't trade them anyway) - the only way to get any value at all is to convert the options to shares by paying the 4.5 cents a share ..... at todays sp you stand to make a huge 2 cents a share if you then sell the converted option shares on market - whoopie doo, you have 200,000 AGE, you get 20000 unlisted options, you convert them to shares before Feb next year by paying $810, you sell them on market at 6.5 cents a share, you make the princely sum of $400 ..... a lot of stuffing around for SFA IMO!
 
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