CTP 1.96% 5.2¢ central petroleum limited

Ann: Appendix 3B, page-8

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  1. 8,114 Posts.
    lightbulb Created with Sketch. 73
    It would nice to see the 30,000,000 options at 20 cents converted by those that hold, once the sp gets well above the 20 cent mark

    That would give the company an extra $6, Mil.  Not to be sneezed at. Plus extra votes to keep MB at bay.

    But I doubt that they will, it is easier to wait until the sp gets to say 80 cents and borrow the money for a month on the short term market, settle on the options and once they have the share certificates they sell enough to cover the money borrowed and they made a significant profit at minimal cost.

    Does not   assist the shareholder in the short term

    782,525    Options $0.40 15/11/17
    234,000   Options $0.41 15/11/17
    30,494,002 Options $0.45 15/11/17
    1,899,350    Options $0.475 15/11/17
    393,900   Options $0.65 15/11/17
    30,000,000    Options $0.20 01/09/19

    CB
 
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