so the shareholders : institutions who were awarded options can sell their heads at 2.5 cents and be left with two free options / the second one converted on the proviso you have taken up the first option.
so someone buys 1milliin shares and is given 1 million options and then sell 1 million their heads. They are left with the options as a gift for their time / connections etc
if Davis can’t sell - the shares go to 1 cent - options owner doesnt care - hasn’t cost him / her a dime.
If in the next 12 months David manages to sell the sauce - and th share price goes to 10 or even 50 cents.
The lucky option can at anytime within 12 convert their options at 3.5 cents.
you are right - they are not free .
There is no risk - so they are risk free !!!!
- Forums
- ASX - By Stock
- ADO
- Ann: Issue of Options
Ann: Issue of Options, page-22
-
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADO (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $54.31M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $4.98K | 235.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 198909 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 154312 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 198909 | 0.021 |
9 | 809442 | 0.020 |
8 | 1197237 | 0.019 |
14 | 2576253 | 0.018 |
7 | 1012891 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 154312 | 3 |
0.023 | 300000 | 1 |
0.024 | 284809 | 4 |
0.025 | 513246 | 5 |
0.027 | 147000 | 2 |
Last trade - 10.39am 28/08/2024 (20 minute delay) ? |
Featured News
ADO (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
Previous Video
Next Video
SPONSORED BY The Market Online