IVZO -
This is a reply to Post #: 67410784 by @thecone:
I refer you back again to my Post #: 67375088which IMO appears to have been
misunderstood or misinterpreted by you and perhaps others,to name a couple :
@Rene3223 per his Post #: 67411396and@Davyboyper his Post #: 67411446
by expressing that there would be consequential adversefinancial effects upon shareholders, if my emailed suggestion to Scott Macmillan was adopted by the Company,because it omitted inferences, I – a “hard-done-by”!! IVZO holder- appear to have not thought about that would upset such shareholders ! Wow!
The last para. of my Post #: 67375088 stated that such an Options Issue was verysuccessfully put in place by a micro-capoiler stock I held years ago.
i.e. the “goal-posts were NOTchanged” for the holders of that Company’s EXISTING Oppies.
Such holders were offered
- 1 NEW Oppie for 1 EXISTINGOppie at an Issue price of a cent or 2
- with an Exercise price of 20c or so, 3-years down the track from their issue date
- REPLACING their OLD worthless Oppies, i.e. no longer being able to be exercised.
As for my suggestion, if adopted, creatingconsequential
Dilution
of value of IVZholders’holdings
have a look at Col. (H) – the extreme r.h. col. perTables A) & B) below.
Table A)
shows some $ numbers if a NEW Oppies issue is NOT made
Dependent on my 3 suggested SP’s the heads may possibly rise to
– due a “Discovery ANN by 26 July (the expiry date ofIVZO) –
the respective dilution %ages are surely minimal? See
Scenario #2 = 0.47%, #3 = 1.88% & #4 = 2.44%.
Table B),
ditto, if a NEW Oppies issue IS made, costing Oppie buyers 1.5cper Option
applied for.
On the same bases as for Table A) above
- the respective dilution %ages are slightly higher. See
Scenario #6 = 0.3.35%, #7 = 5.02% & #8 = 5.68%.
Note that the top suggested SP the heads may riseto – of $1 – per Scenarios #4 & #8
Isthe price other HC posters should easily reach given a Discovery ANN.(e.g.@Nightdaytrader9)
I apologise to those of you who are not adept atinterpreting Excel spreadsheets such as below.
Having retired 16 years ago, when in my mid60’s,I was then regarded as a spreadsheet king.
So I imagine that today there are plenty of others inthe workforce that could similarly compile 1-off’s like I have below.
If any of you require any further clarificationabout what I have presented then post accordingly, but please don’t shoot medown – as some have indirectly done so already - unless you can substantiate youopinion with some better alternative figures.
Remember too, that investors who take up theirentitlements in the forthcoming SPP,
would surely also be delighted to buy – on-market – the NEW Oppies (costing my suggested 1.5c each) so that they could then capitalise substantially on the leveraged price they pay, once they’re listed.
Col.A)
B)
C)
D)
E)
F)
G)
H)
DILUTION
A) IFCompany makes NO OPTIONS Issue as I've suggested per my Post #67375088
ONLY
when ALL
OPTS are
SCENARIO
S O I (Mill)
but if SP
$
TILL
MKT CAP $m)
Exercised
1)
IVZ
961,000
STAYS AT
0.120
26-Jul
115,320
IVZO
37,500
will LAPSE
0.350
0
so SOI will remain at
961,000
0.120
$115,320
0.00%
BY
2)
IVZ
961,000
RISES TO
0.400
26-Jul
384,400
IVZO
37,500
will be
exercised at
0.350
26-Jul
13,125
then becomes
SOI will rise to
998,500
0.398
$397,525
0.47%
BY
3)
IVZ
961,000
RISES TO
0.700
26-Jul
672,700
IVZO
37,500
will be
exercised at
0.350
26-Jul
13,125
then becomes
SOI will rise to
998,500
0.687
$685,825
1.88%
BY
4)
IVZ
961,000
RISES TO
1.000
26-Jul
961,000
IVZO
37,500
will be
exercised at
0.350
26-Jul
13,125
then becomes
SOI will rise to
998,500
0.976
$974,125
2.44%
Col.A)
B)
C)
D)
E)
F)
G)
H)
DILUTION
B) IFCompany DOES make such OPTIONS Issue - per choice b) of my Post #67375088 -
ONLY
=2 NEW Oppies for 1 IVZO. When issue is closed IVZO are then cancelled.
when ALL
OPTS are
SCENARIO
S O I (Million)
but if SP
TILL
MKT CAP ($m)
Exercised
5)
IVZ
961,000
STAYS AT
0.120
26/07/23
115,320
by, say
NEW Oppies
75,000
bought at
0.015
26/06/23
1,125
will NOT be exercised for
0.200
26/07/23
then expect SOI to stay at
961,000
0.121
116,445
NIL
BY
6)
IVZ
961,000
RISES TO
0.400
26-Jul
384,400
NEW Oppies
75,000
bought at
0.015
by, say
26/06/23
1,125
will be exercised at
0.200
26/06/26
15,000
then becomes
SOI will rise to
1,036,000
0.387
$400,525
3.35%
BY
7)
IVZ
961,000
RISES TO
0.700
26-Jul
672,700
NEW Oppies
75,000
bought at
0.015
by, say
26/06/23
1,125
will be exercised at
0.200
26/06/26
15,000
then becomes
SOI will rise to
1,036,000
0.665
$688,825
5.02%
BY
8)
IVZ
961,000
RISES TO
1.000
26-Jul
961,000
NEW Oppies
75,000
bought at
0.015
by, say
26/06/23
1,125
will be exercised at
0.200
26/06/26
15,000
then becomes
SOI will rise to
1,036,000
0.943
$977,125
5.68%
