given there’s no guarantees the sp will exceed the strike price and the oppies will be converted, wouldn’t it make more sense to remove the overhang of potential stock supply (which could suppress sp price with dilution and selling pressure) and just reassess funding requirements when/if they are required?
it would seem the oppies all but guarantee diminished returns for shareholders, especially those who didn’t participate in the spp.
why ADO is a multi multi bagger, page-430
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Last
2.0¢ |
Change
0.001(5.26%) |
Mkt cap ! $49.37M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $15.05K | 758.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2299968 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 209963 | 3 |
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| ADO (ASX) Chart |