Two things:
1. You cant say that Integra were going to pay a premium. This is factually incorrect. The deal was the LOWER of 0.005 per share or the 10 day VWAP.
2. The 10% stake was merely an option for Integra (or, for the chairman's personal coffers apparently, which kind of stinks...). Either way, they had no obligation to take it up. Its a bit like granting 100m free options at a 0.005 strike price without the rigmarole of doing so.
Anyhow, I have no problems with this provided that the share price continues to rise, and if Jose does not exit.
Two things:1. You cant say that Integra were going to pay a...
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LRS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $3.506M | 20.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 170000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1113801 | 13 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |