KRR 0.00% 1.0¢ king river resources limited

Ann: Bonus Options Issue, page-46

  1. 868 Posts.
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    I think the company had to do it to pacify the underwriters and they are worried that most of the current options will not be exercised. It does not appear confident that the new options are to be exercised at 10 cents as well, I would have thought around 20 cents would have showed confidence. The market seems to agree.
 
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