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6.9¢ invictus energy ltd

Ann: Application for quotation of securities - IVZ, page-26

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ammie

10,806 Posts.

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11/10/22

15:07

Post #: 64139872
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Originally posted by Davy Boy: ↑

Not a tree shake at all.
Its holders selling heads to buy these options which are now tradeable.
I am very surprised the ASX rolled over given the vote was for them to not be listed....... I'm surprised the announcement didn't come with an explanation from the ASX why they rolled over?
Its pretty simple really. Sell your heads at 20c buy the options for say 5c and you save risking 15c on the heads if its a duster.
For example.
If you have 100k shares costing 20K you can have the same exposure for 5K assuming the options are at 5c.
This is exactly what happened with the 1:1 options dolled out in the last CR. Big buyers taking as many as they could get to get free options, dumping their heads afterwards so that they limit exposure in a duster with all the upside if it a success case.
Quite likely a lot of retail selling to buy options as well same case as above.
It will be interesting to see where they open price wise, its all about limiting the downside exposure.

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I think one difference is that the oppies will go to 0 if we have a duster so it's a 100% downside risk. The heads will have some value as they don't expire. Either way, it's going to be a huge hit to the price, but at least the heads won't go to 0.

IVZ Price at posting: 19.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 6.9¢		Change 0.000(0.00%)		Mkt cap ! $103.1M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.5¢	$102.4K	1.515M

Buyers (Bids)

No.	Vol.	Price($)
1	12807	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	457807	4

View Market Depth

No.	Vol.	Price($)
4	199445	0.067
7	216699	0.066
8	622232	0.065
2	407500	0.064
2	215888	0.063

Price($)	Vol.	No.
0.069	538209	6
0.070	1005000	8
0.071	1064037	10
0.072	962245	9
0.073	1036012	6

Last trade - 13.50pm 12/09/2024 (20 minute delay)

IVZ (ASX) Chart