Unfortunately, it's the ASX that permits these types of activities to continue.
Even though the options were "in the money" the ONLY fair action would be for option holders to PAY UP and then sell whatever shares they dont want ON MARKET.
It would appear only "retail" option holders get sucked of their hard earned in the conversion process.
ASX need to protect retail - that's where the majority of funds come from - either directly or through Managed Funds.
Ann: Change of Director's Interest Notice - William Johnson, page-24
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Last
41.0¢ |
Change
-0.010(2.38%) |
Mkt cap ! $45.92M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 40.0¢ | $37.83K | 93.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 296 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 4955 | 1 |
View Market Depth
| Last trade - 15.36pm 31/05/2024 (20 minute delay) ? |
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Last
40.0¢ |
Change
-0.010 ( 3.61 %) |
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| Open | High | Low | Volume | ||
| 40.5¢ | 40.5¢ | 40.0¢ | 15621 | ||
| Last updated 14.10pm 31/05/2024 ? | |||||
| LEL (ASX) Chart |