Hi gassed. As I have posted before I am not the sharpest tool in the pack. I am just trying to follow your logic - the holder paid approx $3,575 to convert 148,940 oppies to FPO shares. For that money he could have purchased 324,960 FPO shares on market @ 1.1c per share and allowed the oppies to lapse which would have given him a tax loss for whatever he paid for them. If they were the free oppies then no loss at all. Would seem to be a better deal to me. As an optimist I can only think that the holder was attempting to show some confidence that he will recover his investment in time.
PAB Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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