Maybe I wasn’t clear. The comments seem to be suggesting that Directors are selling share to exercise options. That is not what the release says. The release says they were party to a block trade of the options, which means a third party has purchased the options from them at 35c.
So, I am saying the drop in the share price is because a large holder who is not a Director raising funds to exercise options is selling.
Ann: Block Trade to Facilitate Early Exercise of Options, page-11
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Last
44.0¢ |
Change
-0.040(8.33%) |
Mkt cap ! $66.56M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 44.0¢ | $37.28K | 82.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6180 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 6000 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ELS (ASX) Chart |