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6.5¢ oakridge international limited

Ann: Bonus Options Offer - Shortfall, page-17

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14/07/17

14:54

Post #: 25870527
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Originally posted by doona77 ↑

So Leadenhall gets "6% of funds raised from the issue of Bonus Options (being a maximum of $34,586)"

Is that 6% of (149,285,289*0.001) = $8,957
Or because they took up the shortfall $34,586
Assume $34,586

They pay $419,391 for options that expire in 6 months. If it doesn't go above 0.04 and they don't sell beforehand then they lose $384,805.

So either they
a) Know alot more than we do and are confident it will go above 0.04
or
b) They have been fleeced

I am going with option a. Just can't see a company making that big a mistake.

It shows how little confidence investors have in XPE but I am actually happy with this as another substantial investor now wants price to get above 0.04. Even if they manipulate it above 4 cents I am still happy.

Or have I missed something and there is an easy way for them to get out of underwriting the options?
Couldn't see anything myself.

Expand

exactly my thoughts and why would management issue an oppy as a reward to holders with a cost of only .001 and a strike price of 4 cents in only 6 months, either they are dumb or --------!!

XPE Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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Last 6.5¢		Change 0.000(0.00%)		Mkt cap ! $1.754M

Open	High	Low	Value	Volume
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Price($)	Vol.	No.
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1	20100	0.061
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