Please help me better understand what's going on here.
That's a somewhat interesting way of handing out 11M options with strike price of 9c and 3.5M with strike price of 10c. What are these handouts? Such interesting timing as well. If/when recipients sell these shares it'll be effectively a cap raise for the company of up to $1.34M.
From the annoucement:
"The issue price is funded by a limited recourse loan provided by the Company to eligible employees in accordance withthe Company's Incentive Share Plan adopted on 6 December 2021"
Ann: Application for quotation of securities - 3DP, page-2
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Last
3.9¢ |
Change
0.002(5.41%) |
Mkt cap ! $28.97M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.9¢ | 3.7¢ | $6.414K | 166.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 138220 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 374822 | 3 |
View Market Depth
| Last trade - 14.14pm 24/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
0.002 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.7¢ | 3.7¢ | 1749 | ||
| Last updated 11.59am 24/05/2024 ? | |||||
| 3DP (ASX) Chart |