Just thinking why so short a conversion price?
If FAR was to be bought out then most likely the offer would be for FPO's only.
Option holders covert or lose them. This is quite common.
At a cheap price ie 7c it is not that difficult to come up with the cash to covert.
If say 20c he would have to pay $1.2m to convert.
Not easy to have that sort of surplus cash about even if the FPO price is $1.00.
Just a possibility and I am not ramping an early sale. Bowerboy would cut me to pieces.
lol
agm and options , page-14
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Last
51.0¢ |
Change
-0.010(1.92%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.8¢ | 51.0¢ | $20.02K | 39.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18396 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 69690 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |