In further explanation:
The underwriters are virtually guaranteeing to take up some of the options that shareholders have not taken up, to the extent of 60 million shares. If the share price shot up and all the options were exercised, leaving none for the underwriters, the underwriters have guaranteed to buy 60 million shares at 10 cents. If the share price stays down and most of the options are not exercised, the underwriters must take up 60 million of the shortfall.
Ann: Appendix 3B Options Exercised and Cleansing Notice, page-28
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $15.28M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $7.67K | 776.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5312141 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 536700 | 2 |
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| Last trade - 15.37pm 08/11/2024 (20 minute delay) ? |
| KRR (ASX) Chart |