When I have come across this type of thing before it is a board ensuring they get compensated in a takeover scenario - although not yet ratified at AGM there is all the detail there for the purchaser to see so the as part of the sweetener they offer to golden parachute the board on their yet to be ratified options as part of the deal.
Are our board weary that at these prices we are more likely to be takenover by an interested party rather than inking a deal with nice up fronts and milestones so they are just hedging their own wallets in case that happens. After all they don't own any stock and if they are getting sniffs then they will be prevented from buying.
Just a thought.
When I have come across this type of thing before it is a board...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.508M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $230 | 76.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 94525533 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 21246560 | 13 |
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| Last trade - 15.57pm 24/06/2024 (20 minute delay) ? |
| AVE (ASX) Chart |