Australia's largest stock trading and investment forum Australia's #1 stock forum

BIT

Click for more information

2.86%

3.4¢ biotron limited

Next week's SP, page-16

First 16 Last

Share
Profile

Follow
mcexplorer

15,728 Posts.

1793

27/10/18

10:51

Post #: 36283081
Share

Originally posted by Selvan ↑

The OA lets you buy the shares at 6c prior to 31 Nov 2018. So the only time not to convert them would be if the SP falls below 6c.

Even if the SP falls to 8c, you would still be 2c better off converting, than if you let them expire.
If you do not have the funds to convert them; then sell them prior to 15Nov which will give the new owner a couple weeks to convert them.

Letting them expire will mean that you get nothing back.

I will be converting mine next week; cannot see the SP going below 6c. People holding the Head Shares may have some advantages over option holders if there is a CR at a discount to the SP . . . . . . maybe with some BITOC's attached for good measure LOL.

.

Expand

6c fee is the conversion fee. If you buy it on market like 10c per share, the actual cost is 16c. If got it for free, 6c only.

BIT Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

There are more pages in this discussion • 206 more messages in this thread...

First 16 Last

Add BIT (ASX) to my watchlist

(20min delay)
Last 3.4¢		Change -0.001(2.86%)		Mkt cap ! $31.57M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.4¢	$9.75K	278.9K

Buyers (Bids)

No.	Vol.	Price($)
4	330768	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	240996	3

View Market Depth

No.	Vol.	Price($)
1	15200	0.034
4	330768	0.033
3	342406	0.032
6	600480	0.031
9	670666	0.030

Price($)	Vol.	No.
0.035	240996	3
0.036	65500	1
0.037	537816	2
0.038	28930	1
0.039	720546	4

Last trade - 11.11am 16/07/2024 (20 minute delay)

BIT (ASX) Chart

SPONSORED BY