OK the announcement says:
"Frontier Resources Limited (the Company) advises that it has made formal offers to employees and technical staff to subscribe for up to 32,200,000 Company options exercisable at 0.26¢ on or before 30 December 2017. The exercise price represents the 10-day volume weighted average price of the Company’s shares immediately prior to the date on which the price was agreed, being Wednesday, 20 May 2015."
There is no way the 10-day volume weighted average from 11-20 May was 26c!. There is every chance it was 2.6c!
The way to write 2.6c as a decimal is 0.026c NOT 0.26c.
I rest my case your honour.
Ann: Employee Options, page-10
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $3.91K | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1323804 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 23649539 | 33 |
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