I'll be interested in any insights you can share from any response. It's a strange situation where from our perspective as shareholders, it would be great if the $10.7 million could be use to reduce management's share of Findi sharply and increase our share sharply, recalling that $10.5 million in 2022 acquired a 75% stake of Findi/TSI at the time. But recently we had Piramal pay $37.1 million to acquire the (right) to a 16.7% share of Findi in 3 years if it gets to IPO.
So you could imagine from management and Piramal's perspective that it would be unfair if ASX shareholders ccould invest on much better terms a few months on from what Piramal did. And if we can/could/have/will sharply increase our ownership stake, then today the share price should have really rocketed. I'm not saying it's not possible that we can/have sharply incresed our ownership stake, but you would think management and Piramal would have foreseen this situation when stipulating on what terms we as shareholders could increase our stake.
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- Ann: Conversion of Options raises $10.7 million
Ann: Conversion of Options raises $10.7 million, page-18
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Last
$5.75 |
Change
0.280(5.12%) |
Mkt cap ! $281.9M |
Open | High | Low | Value | Volume |
$5.50 | $5.79 | $5.50 | $990.0K | 174.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 225 | $5.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.75 | 4367 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 225 | 5.730 |
1 | 652 | 5.680 |
1 | 652 | 5.660 |
2 | 1466 | 5.650 |
1 | 652 | 5.630 |
Price($) | Vol. | No. |
---|---|---|
5.750 | 4367 | 1 |
5.760 | 14983 | 3 |
5.790 | 652 | 1 |
5.810 | 1652 | 2 |
5.820 | 652 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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