Cashless exercise transactions are made possible by brokers, who will lend employees money with which to exercise their options. The proceeds from exercising the options are then used to repay the broker.
Seems like an employee had 500,000 options and borrowed the money from ? (maybe the company or a Broker) to convert 58,823 shares.
The shares were worth $0.91 at the time of conversion.
Doesn't make real economic sense if this is the case as in borrowing 15c to buy a share worth 9.1c so I may be way off in my understanding of the matter, which would not be the first time in all sorts of matters.
- Forums
- ASX - By Stock
- VRX
- Ann: Application for quotation of securities - VRX
Ann: Application for quotation of securities - VRX, page-4
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $23.87M |
Open | High | Low | Value | Volume |
3.7¢ | 3.8¢ | 3.2¢ | $52.59K | 1.528M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 134997 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 18126 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 134997 | 0.036 |
3 | 246000 | 0.034 |
2 | 100000 | 0.033 |
2 | 225000 | 0.032 |
1 | 302425 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 44390 | 2 |
0.042 | 11626 | 1 |
0.043 | 28768 | 1 |
0.044 | 40000 | 1 |
0.046 | 27010 | 1 |
Last trade - 15.56pm 28/06/2024 (20 minute delay) ? |
Featured News
VRX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online