Ya it is very good news. It has the effect of an accelerated capital raising by issuing 4 ' Pre-Paid ' 2.8 cent options for every 5 held for only .1 of a cent paid now. So that's an ALL UP pricing if converted of 2.9 cents per share. So one way of looking at it considering it potentially expands the capital if converted by almost double is that if you reverse engineer the offering if you like by taking the 29.0 cents divide by 5 and multiply by 4 you will get a pricing of 23.2 cents not allowing for time value to expiry of the options. So yeah I like it.......
With the Ex date on Monday I believe which is the last day to buy them to get your desired quantity , you will have to be quick. I'm already set and will be taking up mine , as it is a no brainer for me to be able to get an entitlement to 80% more shares for virtually only a 3.4% payment of .1 of a cent now. So yeah kinda like the BNPL of future priced shares ( ie options ) .....
And they have an absolute bucket load of stuff happening to get the shares pumped up to 2.9 cents and beyond......absolute buckets.....
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