BRN 2.94% 17.5¢ brainchip holdings ltd

unable to find anything that tells me how this LDA out option...

  1. 70 Posts.
    lightbulb Created with Sketch. 31
    unable to find anything that tells me how this LDA out option actually works.
    Issue price = 20c
    Shares have been issued for 20c when the market price was approx 55c from memory.
    Put options are for a falling price not a rising price.
    While we needed a capital deal at the time, The logic that LDA banks the balance still seems unfeasible.
 
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