Australia's largest stock trading and investment forum Australia's #1 stock forum

PET

Click for more information

0.00%

2.5¢ phoslock environmental technologies limited

Hope it is not the start of gravy train ride!! The company must...

First 3 Last

Share
Profile

Follow
chand

3,650 Posts.

850

25/09/19

11:31

Post #: 40563782
Share

Originally posted by Mickem ↑

Hi All
surprised no comments released on these options. without comments from the company i'm not happy with this.
first point with the it being likely to raise $13m over the next 9 months no real need for a placement or cap raising but the end result is likely to be the same.
these performance options , are they for pass performance or future ? what are the vesting conditions ? are there sales targets or profit targets attached ? if no targets attached then this is poor in my eyes. to me its a free hit. if i was to be given 1m options with no targets etc then nothing to stop me selling 1m shares at todays prices knowing if the sp goes down a don't need to buy the options so in front, if the sp goes up i can then benefit buying the options at the cheaper price of $1.35. so if no targets attached there is no risk

thanks
mickem

Expand

Hope it is not the start of gravy train ride!! The company must state the rationale behind issuing these options.

PET Price at posting: $1.38 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

CU6

Clarity progresses SECuRE trial with positive safety results

3 stocks with antimony news on Thursday

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

There are more pages in this discussion • 31 more messages in this thread...

First 3 Last

Add PET (ASX) to my watchlist