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correct me if I’m wrong but it’s 15mil options and at a premium...

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Paul1982

68 Posts.

158

24/01/19

11:32

Post #: 37210056
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Originally posted by 1sharetrader1: ↑

How could it get any worst than this.
This cap raise benefits Patersons and along with the 20 million options at different discount rates ,some heavily discounted ,will result in a lot of profit taking as they sell off there stock along with there professional traders who do not hold for long.
The final issue price could be as low as 3.5 cents or as high as 5 cents ,then after shares have been issued and profit taking from the traders this could go much lower.
If I was a shareholder I would be complaining big time to stop this from happening ,but the damage probably could not be reversed now anyway.

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correct me if I’m wrong but it’s 15mil options and at a premium to the final SPP, not discount.

AVZ Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
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