Another thing of note in the latest bioshares report is that while there are just over 150 million shares on issue there are further approximately 50m options out there exercisable @27c before 25th Nov 2018. Packers recent conversion of 1.4m options were part of this tranche. If exercised the company would add about $14m to it's cash reserves. On a full diluted basis opthea is capitalised at around $208m.
Apart from that I would also see these options as potentially keeping a close lid on the share price particularly if recipients on exercising options then decide to sell the shares on the open market.
Another thing of note in the latest bioshares report is that...
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Last
49.8¢ |
Change
0.003(0.51%) |
Mkt cap ! $609.3M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.8¢ | 49.5¢ | $10.04K | 20.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 31338 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 47 | 2 |
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