No, these were the unlisted UNTAQ options. They were expiring 30-Sep. Scott exercised his on 27-Sep. Very disappointing time, late August the SP peaked at 2.5 cents, above the 2.3 exercise price. Heavy selling after that, pushing it back down under 2 cents. Mid September it got back to 2.1c, and I decided I would exercise my options, as paying an extra 10% but it going onto the balance sheet, compared to an on market purchase a little lower seemed like a good strategy. Well, not that I had that many to exercise, but if others also did that... All about avoiding a CR. Unfortunately, the last week of September, it couldn't get over 2.1cents, so there weren't many who did participate, little over 1M, or just $27K worth were exercised.
I posted the other day that we missed avoiding the words "credit raise" appearing in that last 4C by just $18K, and that the SP has been smashed since. If only we had a few more take the plunge last year and another couple of million exercised then perhaps we wouldn't be at all time lows now.
UNT Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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