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7.0¢ oakridge international limited

Ann: Bonus Options Offer - Shortfall, page-24

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sooly

831 Posts.

207

14/07/17

15:10

Post #: 25871025
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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.

"the Company has given notification of the shortfall to the Underwriter and the Underwriter is obliged to subscribe for the shortfall of 419,391,619 Options (Shortfall)."
This is why I assume they have to underwrite them regardless.....

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nicely written there Doona now lets just wait and see if they do.

XPE Price at posting: 1.4¢ Sentiment: None Disclosure: Held
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