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
52.0¢ |
Change
0.015(2.97%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.0¢ | 50.5¢ | $17.38K | 33.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 96060 | 2 |
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| FAR (ASX) Chart |