he doesn't need to sell 7.5m to get those options, less than 1m would have covered it.
borrow 500k to get 15m worth of shares, seems like a smart move to me even after 25% goes to tax.
in my view he is exercising half of the options because the market doesn't like a founder selling down.
Ann: Change of Director's Interest Notice x 3, page-14
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Last
$1.44 |
Change
-0.395(21.6%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.46 | $1.33 | $113.8M | 80.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 144224 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 285910 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |