So, although 150m were listed as expiring on 30 November, only 123m were actually exercised ( @ 0.003) - so slightly less dilution and 27m less being flogged post exercise.
that is the last of the 3 tranches of oppies expiring in 2021, per below table.
Date no. issued Ex Price expiry date status No $ 1 Jul-21 12,500,000 0.045 15/07/2021 expired 12,500,000 562,500 2 846,666,665 0.003 30/09/2021 exercised 846,666,665 2,540,000 3 Dec-21 150,000,000 0.003 30/11/2021 123.33m exercised 123,333,334 370,000
So, while netting $3.5m of cash to fund the company, it has generated a huge amount of sales as funders have realised their profit on a short term basis and has distorted AXP's underlying value and performance.
The above is circa 1bn shares and that is a huge volume relative to the number generally traded. This has doubtless been the major contributor to the recent price falls. Professional funders have no mandate to hold after paying to exercise and so would have been selling in droves since.
the good news is that they are now all exercised and the next exercise date is 30 April 2023, so will be quiet for a while. There may still be some short term pain, with options being exercised at .3c and selling at even .6c represents a 100% profit for the brokers / holders who exercise.
all leading to a great 2022 for the company and long term holders.
Wazz
- Forums
- ASX - By Stock
- AXP
- Options update - all now exercised
Options update - all now exercised
Featured News
Add AXP (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.824M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $6.517K | 6.517M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 21385069 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 100305730 | 57 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 21385069 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 100305730 | 57 |
0.003 | 15697354 | 15 |
0.004 | 6454247 | 9 |
0.005 | 2401679 | 14 |
0.006 | 4876430 | 7 |
Last trade - 13.30pm 16/08/2024 (20 minute delay) ? |
Featured News
AXP (ASX) Chart |