Well, logically, it is going to be one or the other imo. If the options are not exercised to provide the cash topup/buffer to treasury shortly then it’s going to be a raise regardless of the prepaids - there is a business to run, contractors to pay, and it would not be prudent to wait until the Co’s back is completely to the wall. I’ve been here as long as you (and a few others) have and - without getting into all of the ridiculous personality battles on these threads - we all know the form here is to deny the need for more capital while orchestrating exactly that. I don’t hold AW1O so their fate is not my greatest concern, but I’d probably still prefer to see them in the money solely from the perspective of cash coming in soon, and to avoid the repetitious cycle of options issued only to be sold on to retail then held down by large players to the point of worthlessness, and then being held to ransom all over again by brokers and book runners.
AW1 Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
