They need to set the T/O price above the perf rights (MAYAA) exercise/vesting price, with a long settlement (longer than the vesting period). At least, I am sure that is in the back of their minds. So to get a T/O SP of >$0.262, you would need the spot price to be around 20 cents at the time of negotiations. Maybe - being cynical here - that is what AP said "billion dollar" company (which implies a target value of $0.289, if you include perf shares). That is his T/O number I think - somewhere between 27 cents and 30 cents. So he will need to ramp it up at some point.
Kit.
(PS: IMO Tranche 2 are not performance shares per se - They are more akin to a golden parachute for a takeover).
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $104.4M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.0¢ | $37.40K | 1.206M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 416665 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 719197 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 416665 | 0.030 |
9 | 783228 | 0.029 |
13 | 4582058 | 0.028 |
5 | 753740 | 0.027 |
5 | 1187999 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 719197 | 7 |
0.033 | 478000 | 5 |
0.034 | 1275000 | 4 |
0.035 | 1140000 | 2 |
0.036 | 333750 | 2 |
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