I really don’t think you know what you are talking about. LDA are required to purchase shares as per an agreement signed a year ago. The price they pay (and we issue at) is a combination of what the SP does over the next few months. Nothing to do with put options at all.
The reason this is happening is outlined here by the company….
I really don’t think you know what you are talking about. LDA...
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24.5¢ |
Change
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Mkt cap ! $480.8M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 24.0¢ | $4.928M | 19.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 1304197 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 839958 | 18 |
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