Maybe I wasn’t clear. The comments seem to be suggesting that Directors are selling share to exercise options. That is not what the release says. The release says they were party to a block trade of the options, which means a third party has purchased the options from them at 35c.
So, I am saying the drop in the share price is because a large holder who is not a Director raising funds to exercise options is selling.
Ann: Block Trade to Facilitate Early Exercise of Options, page-11
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $71.00M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.5¢ | 44.5¢ | $85.46K | 185.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19499 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 26389 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ELS (ASX) Chart |