Further to my previous post, is this scenario possible?
All but 2,000,000 options are taken up.
Cygnet pay $400,000 to take up left over options.
Cygnet receive 2,150,000 FPO's plus cash back $290,887.82 (6% of $4,848,130.40) effectively making the deal - 2,150,000 FPO's for $109,112.18 @ 5c per share.
What happens if Cygnet only have to take up 1,000,000 options?
1,150,000 FPO's @ 0c per share & $90,887.82 or if you like Cygnet get paid 8c for taking every one of those 1,150,000 KDR shares off KDR's hands.
OH MY GOODNESS!?!? Please, tell me this is not right.
Are we all sure this Underwriting Agreement is in the best interests of all shareholders???
I sincerely hope one of the company Directors come on HC to explain how I have completely misunderstood this Option Underwriting Agreement.
- Forums
- ASX - By Stock
- KDR
- dear directors please clarify
dear directors please clarify, page-3
-
- There are more pages in this discussion • 7 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 KDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online