The company comes out of TH on 1/11 (Friday) which is also the record date for becoming an eligible SH. So exisiting SHs would have to sell say their shares say 100k shares and buyback same day to be eligible. New investors would also be looking to join the register the same day. So if the new investors buy from the existing SHs in the morning and plan to buyback same day, who will sell before 4pm and lose out being able to buy at 11.5c with attaching options?
I am considering this opportunity but if one has a reasonable holding it is hard to churn thru and buyback the same day. It could be a stampede to get rather than get out.
I particularly like the fact that the retail, instos and directors all get to participate on the same terms.
I am not in favour of listing the oppies but looks like that is what the mgmt wants. My experience is that listed options end up holding back the SP.
AIMO. No advice.
ATX Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
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