just for some perspective for these options to be worth anything they share price would need to rise by 128 percent on the current price of 15.35
thus with the additional options at 35 per share the market cap would be well over 6.5bn dollars.
this would means MFG would need a non-compounding return of around 26 percent every year for the next 5 years....which is a massive stretch considering....the ASX average return is around 9 percent pa would need not only need to beat the market you would need MFG to x3 beat the market which is 'possible' but it is unlikely MFG will ever get to a point where these options have any value i think the strike price should of been far lower or at very least the expiry should be 10 years.
i think ill sit on the sidelines a bit longer personally i reckon this will hurt the share price more then it will help it as it smells like desperation in bleeding company....
if the strike price was 28 it might of had the intended effect of stemming the bleeding in sp but this is actually a bit laughable when you look at the numbers
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