Not sure why anyone would stump up $2m (638,000 shares x $3.24) when they could buy 638,000 shares now (well give it a few days) at $1.05 to say $1.20 (very generous levels over past 6 weeks)... It makes zero economic sense, so there is obviously something we are missing / not getting.
Please remember that when you exercise an option, you pay the notional value of shares x strike price.....
Ann: Application for quotation of securities - PAR, page-15
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $104.9M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.5¢ | $51.10K | 170.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 43091 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 105253 | 9 |
View Market Depth
| Last trade - 11.55am 17/07/2024 (20 minute delay) ? |
| PAR (ASX) Chart |