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Ann: Option exercise price, page-9

  1. outworld1
    142 Posts.
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    29/11/16
    16:19
    Post #: 20970050
    Can someone clarify to myself and others what this means?

    I have an idea but not very comprehensive.

    What does it mean that the shares can be excerised at 1.7x the weighted 5 day average?

    Does this mean at ~24c, the options can be converted into fully paid ordinary shares? What is the cost of aquiring and converting these options? Why are some saying it should be more than 1.7x ?

    Thanks in advance..
    TNG Price at posting: 15.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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