That's assuming every single remaining option converted is being funded by a share sale, which I think will be far from reality. Some may only hold options and therefore sell those, and some may not need to sell anything and are just waiting patiently until November.
Ann: Appendix 2A - Exercise of Options, page-8
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Last
0.8¢ |
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Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $211.4K | 26.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 24987898 | 0.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5276449 | 4 |
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| ADN (ASX) Chart |