Most likely just liquidating so he can convert those options. There are 37m issued shares, and 18m options. Every 1m options you hold will require $900k to convert, it's not chump change.
The company has MC of about $40m today, but given that options will now be exercised the MC in January will be $60m even if the share price doesn't budge. It's a big dilution and that's definitely causing some of the downward pressure on the SP.
Most likely just liquidating so he can convert those options....
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Last
$2.88 |
Change
-0.020(0.69%) |
Mkt cap ! $140.5M | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.95 | $2.88 | $115.2K | 39.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9993 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 323 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$2.89 |
Change
-0.020 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| $2.94 | $2.95 | $2.89 | 4160 | ||
| Last updated 15.21pm 16/05/2024 ? | |||||
| FND (ASX) Chart |