Hi everyone,
bit of a noob here but wondering if someone could explain how the 250m options I saw on the annual report (I think) works? I think the expiring of the options was April 2023 and price of $0.04. My understanding is the options expire if the share price doesn't hit $0.04 by the expiry date of April 2023. Is that correct?
also who do these shares go to if they are claimed by the expiry date? The company owns them or to a specific director?
250m is alot of shares worth $10m at the strike price. I would imagine those that were to gain these shares could pretty easily purchase enough on market to push the share price up enough for the $0.04 strike proce to be achieved right?
like I said i am a novice so looking for some helpful insights
please excuse my poor grammar, typing this up on the go!
cheers
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