Hi. Im not good at options and other sophisticated marker stuff.
"A$10.0 million Share Purchase Plan (“SPP”) to issue 133.3 million New Shares together with attaching options on thesame terms as the Placement (together “the Offer”)"
"Participants in the Offer will receive one (1) free unlisted attaching option for every two (2) New Shares allocated (“AttachingOptions”). Attaching Options will be exercisable at A$0.10 per option and will expire 14 months from the date of the issue" --------------- What does it mean to me? As a longterm shareholder, can I buy shares at 0,075 $ and immidiately sold it? Or it is more complicated? What's about those options?
PEN Price at posting:
9.4¢ Sentiment: Hold Disclosure: Held
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