Option expiry dates seems a bit of a cynical perspective on which to timeline a company’s likely progress, mool?
But of course it is not !
— Especially seeing as that placement was made at a time when FAA approval is - comparatively - practically breathing down our necks (however much those involved are actually spending their office hours shuntling papers between departments and planning their Christmas holidays) .
FWIW here’s those details again:
[31/09/2023 Placement at 43c plus options]
“Participants in the Placement will receive 2.5 free attaching new Options for every CDI subscribedfor under the Placement for an aggregate of approximately 5.8m new Options to be issued.The options are intended to be listed on the ASX with an exercise price of $1.20 and an expiry of 6 April 2024”…
Share price of $1.20 would be nice and it would be even better if those ‘family and friends’ were scoring a super bargain by exercising at $1.20 well before April 6!
cheers
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