"The first tranche vests at an SP of 15c. It is 25% discount (15c – 9c -2.2c / 15c) to the market price. Some capital raisings are at 25% discount to the market price. Also, consider that CP wanted 20% of CTP at 7c when the SP was 11c. This is 36% discount to the market!!! I view this as a small capital-raising to RC.>"
Fair enough, comparing RC's outcome to Palmer's
I will say though (and I have not gone to the trouble of marshaling the options sitting their under the employee and boards entitlements - so they are not included) after including options and Cottee's 320 million, he ( Cottee would if things come to fruition, have gained a fraction under 16% of the companycompelled o Palmer holding 20%. A 16% dilution is not a small capital raising (thus dilution) in anyone's language.
Palmer may be going for around 4% more but it must be remembered that he is putting the money in up front. Cottee gets a look; no success no outlay. As well, Cottee's start up package and salary will go a long way to covering the cost of exercising the options.
I hope that he, Cottee, is a sound investment.
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Mkt cap ! $39.49M |
Open | High | Low | Value | Volume |
5.3¢ | 5.3¢ | 5.2¢ | $10.07K | 191.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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5.3¢ | 350046 | 1 |
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No. | Vol. | Price($) |
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1 | 144141 | 0.052 |
2 | 472516 | 0.051 |
3 | 550000 | 0.050 |
2 | 255000 | 0.049 |
2 | 263952 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 350046 | 1 |
0.055 | 60757 | 1 |
0.056 | 112500 | 2 |
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0.059 | 519508 | 2 |
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