It's not about $ it's about numbers.
Currently the company has 706m shares + 177m 1.5c strike options (plus others? that I haven't bothered to track down) - 883m shares fully diluted.
At 10m heads Steinepreis owns 1.4% of the company
At 10m (heads) + 11m(1.5's) ... he owns 2.4% of the company.
Show me a way he could achieve 2.4% without the SP hitting 2c at least - then there are all the other directors including the new chair.
It's legal but a bit close to the wind especially given one other matter that really bugs me - but that can wait for another day.
Ann: Results of Non-Renounceable Entitlement Offer, page-17
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.423M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $12.52K | 1.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650330 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2634745 | 7 |
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| Last trade - 12.50pm 18/06/2025 (20 minute delay) ? |
| TAR (ASX) Chart |