So Leadenhall gets "6% of funds raised from the issue of Bonus Options (being a maximum of $34,586)"
Is that 6% of (149,285,289*0.001) = $8,957
Or because they took up the shortfall $34,586
Assume $34,586
They pay $419,391 for options that expire in 6 months. If it doesn't go above 0.04 and they don't sell beforehand then they lose $384,805.
So either they
a) Know alot more than we do and are confident it will go above 0.04
or
b) They have been fleeced
I am going with option a. Just can't see a company making that big a mistake.
It shows how little confidence investors have in XPE but I am actually happy with this as another substantial investor now wants price to get above 0.04. Even if they manipulate it above 4 cents I am still happy.
Or have I missed something and there is an easy way for them to get out of underwriting the options?
Couldn't see anything myself.
"the Company has given notification of the shortfall to the Underwriter and the Underwriter is obliged to subscribe for the shortfall of 419,391,619 Options (Shortfall)."
This is why I assume they have to underwrite them regardless.....
- Forums
- ASX - By Stock
- OAK
- Ann: Bonus Options Offer - Shortfall
Ann: Bonus Options Offer - Shortfall, page-16
-
- There are more pages in this discussion • 71 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 OAK (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.754M |
Open | High | Low | Value | Volume |
6.5¢ | 6.5¢ | 6.5¢ | $543 | 8.348K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 88627 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 25293 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 88627 | 0.062 |
1 | 20100 | 0.061 |
1 | 86000 | 0.055 |
1 | 55000 | 0.053 |
1 | 100000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 25293 | 3 |
0.071 | 200 | 1 |
0.086 | 93 | 1 |
0.105 | 1524 | 1 |
0.130 | 67 | 1 |
Last trade - 12.46pm 17/09/2024 (20 minute delay) ? |
Featured News
OAK (ASX) Chart |