No chance BB will sell to convert since that defeats his stated objective to own 25% to 30% of the business.
MB does not own that many shares (87,348 which is only worth $183K at $2.10). The total amount he had to raise is $1.05M to convert 1.4M options. So the math does not add up, the Chairman is not the seller.
The options are deep in the money. One can obtain finance to convert the options with the shares as collateral and pay interest only. That way one can claim the interest expense.
No chance BB will sell to convert since that defeats his stated...
Add DVP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.40 |
Change
0.000(0.00%) |
Mkt cap ! $631.3M | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.42 | $2.32 | $1.006M | 423.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |