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2.0¢ biotron limited

Dr Michelle Miller has converted all her options with $597,000 of her own money, why now?, page-11

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elephantsong

499 Posts.

273

23/10/18

17:35

Post #: 36229143
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Originally posted by GiddyYup: ↑

Yes, options would remain valid thus holders could either exercise and accept an offer on equities or accept the offer on the options which would be the equity offer price minus exercise price.

Be careful about the assumtion above as to why a director would exercise options early. The logic may be flawed. The most likely reason would be that there may be a very short period that the director is allowed to trade that the options are int he money. In this case the director has had to sit for years hoping that her invcentive becomes worth something. Thats finally happend in recent weeks but the price is currently sliding back towards the teens. It hay be the case of a bird in the hand and you couldn't blame them.

The assumtion at the begginning of this thread could be right and I hope it is but I wouldn't be ignoring the obvious alternative. Best to acknowledge both possibilities.

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Money talks. Bullshit walks! lol

MM exercises those options is one of the above.

BIT Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.0¢		Change 0.001(5.26%)		Mkt cap ! $18.04M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$9.288K	460.4K

Buyers (Bids)

No.	Vol.	Price($)
1	15038	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	24000	1

View Market Depth

No.	Vol.	Price($)
1	15038	0.020
4	1410807	0.019
12	2330053	0.018
6	718000	0.017
12	1556225	0.016

Price($)	Vol.	No.
0.021	24000	1
0.022	440000	2
0.023	307000	2
0.024	100035	2
0.025	620000	4

Last trade - 15.05pm 07/11/2024 (20 minute delay)

BIT (ASX) Chart