"Stock exceeds 1.5 cents they get a further $9mil to top the kitty up."
Interesting. Looks to be exactly the same play as CPS have done with the BIT options.
Boost the price and have the options exercised.
How far we get pushed past 1.5c to have the options exercised is the question. I guess that is dependent on how big the news is but I also feel that CPS had the inside scoop to underwrite this in the first place.
Ann: Response to ASX Price Query, page-31
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $147.1M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $180.7K | 1.254M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 388545 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 135550 | 5 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| ALA (ASX) Chart |