But why exercise now given the current SP? The loan still has to be paid back at some point. If the company was subject to a takeover at 40c they would lose money. Surely voting rights is not enough of a reason? It's not that many shares for it to be voting rights related. I'm struggling to understand what their motivation/strategy is here. It's still a personal liability for them at the end of the day. What am I missing?
General Discussion, page-3
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Last
80.0¢ |
Change
0.005(0.63%) |
Mkt cap ! $688.9M | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 82.0¢ | 77.5¢ | $4.603M | 5.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 126267 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 222260 | 34 |
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| Last trade - 15.11pm 19/11/2024 (20 minute delay) ? |
| DRO (ASX) Chart |