re: acquisition of gpen -t4p Rogues Trade...
lol...options are just 1c!!!
From memory, they were specifically issued with the GPen acquisition in mind.
I am trying to find my old notes on this one...seems I was once of the view that the company might try to encourage option holders to convert early?
Not sure how I came to that conclusion...I know I have spoken with them in the past, but I seem to have lost my notes.
I remember coming to the conclusion they needed about $5m for the purchase and re-capitalisation of the company in the event of the GPen acquisition...but once again, I cannot find how or where I arrived at these figures.
Interestingly, they have 500m 1c options...$5m!!!
I also remember determining that just three larger clients (total of 1m accounts) should result in profits to the company of about $5m annually...but once again, I cannot find my calculations showing how I arrived at that those figures...in particular, I cannot find where (or who) I got the income stream figures from.
Friggin annoyed to say the least...one should never NEVERNEVER!...stuff always gets lost!
I will keep looking...it's a little red and yellow text book...you know, the ones kids use for school...it has the letter "M" on the front in big black ink!
Have you seen it?
Cheers!
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