"It may be that letting any unexercised options lapse is the best option."
Yes, exactly. It then makes the "piggies" that were allocated to those who exercised their bonus options, more valuable on a pro-rata basis ... just the same as a share buy-back would. (Through less shares, hence less dilution.)
If "fair" is the RAC mantra then this is the "fair" solution.
I'm assuming the SP is well north of $1.25 by June 4 and therefore most of the "bonus" options (at least 85-90%) have been exercised.
The only other thought I have is for the company to exercise them (the lapsed oppies) and then sell the heads on market on some given day (or ?) and everyone can then bid ... or similar. The company would create more income ... but legal? tax?
General Comments / Chat, page-10685
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Last
$1.42 |
Change
-0.045(3.07%) |
Mkt cap ! $242.0M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.41 | $238.0K | 164.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 2011 | 1 |
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| Last trade - 15.55pm 14/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |