18 million TNRO lapsed unexercised = $360k not in the coffers!
Suppose on the plus side its less dilution.
Thought as to why so many not exercised? A number of small non active investors forgot? A large holder deciding not to exercise? (Did NVA exercise?) Something else? It seems like quite a lot IMO.
Ann: Appendix 3H - Notification of cessation of securities, page-2
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