UMC
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0.00% $1.30 united minerals corporation nl

1054 trades, page-31

  1. Kirstenl
    162 Posts.
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    23/09/08
    16:07
    Post #: 4302899
    That is the way I understood it too.

    So if there is a takeover bid that is likely to be accepted, the directors can exercise their options immediately - say for 20c and then sell them for $10 per share.

    Handy little clause to have in there!

    UMC Price at posting: $1.28 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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