Wow, a lot of hot heads regarding the oppies...
3 months ago, in the prospectus, it was clearly laid out that they would be offered....nobody was held at gunpoint to make a decision to buy/ hold/ sell.
I'm surprised there were 4m shortfall and no doubt a multitude of reasons why they weren't taken, but, ultimately the onus falls on the holder at the time.
Whether they were free or at a cost is irrelevant really, they should be regarded as a " bonus" to shareholders.....is there a problem with that?
Remember to, those oppies have an option to buy heads, a future source of funding for the company where all holders have a crack at it, as compared to a placement at discount with a 6% fee to a broker....
Those oppies should be in your accounts now, and we should see bidding rise to fair value.
I don't know how to use the Black-Scholes calculator properly but the image below gives a ballpark figure on value
ALB Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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