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Ann: Quarterly Activity Report & Appendix 4C, page-78

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Brucekoala

876 Posts.

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24/04/24

16:40

Post #: 73502053
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Originally posted by Hunterr: ↑

Hello, I have asked this question awhile ago. Maybe you did not read it because I did not get a response or maybe you don't want to answer it which is fine.
But what is the reasoning of buying $4.25 options ?
When you can buy on market and acquire so much more today's price, you will have 10,000 extra shares for every transaction and when we were trading around $.70, you're around $20,000 Extra shares Monthly better off.
Today's prime example if you use your money $20,000 worth. We won't be sitting on $1.29. We could of closed at $1.44 so I don't understand the reasoning for it. Yes it's it's a good example and confidence and yes the money goes into RAC account,
But just still does not make sense to me to do it this way. Is there any reasoning besides what I just said?
Seems like Robin Peter to pay Paul scenario you are better off purchasing on market and therefore the share price rising

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Have a read of this ann from 22/11/23 @Hunterr for a refresher ......

https://app.sharelinktechnologies.com/announcement/asx/8c49a8e0a662d8b244babbe06b1b7d01

RAC Price at posting: $1.29 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last $1.61		Change 0.000(0.00%)		Mkt cap ! $273.4M

Open	High	Low	Value	Volume
$1.61	$1.66	$1.60	$207.2K	127.1K

Buyers (Bids)

No.	Vol.	Price($)
6	25510	$1.60

Sellers (Offers)

Price($)	Vol.	No.
$1.64	12000	1

View Market Depth

No.	Vol.	Price($)
6	25510	1.600
1	31000	1.590
1	10000	1.585
2	8233	1.560
4	15571	1.550

Price($)	Vol.	No.
1.640	12000	1
1.655	858	1
1.665	352	1
1.670	1845	1
1.690	1085	2

Last trade - 15.49pm 29/07/2024 (20 minute delay)

RAC (ASX) Chart