Re: "I never understand how shareholders are so willing to give options so freely"
I tend to agree Rae - especially when the current option incentive was approved at a time when management were waxing so lyrical about our prospects (there's that word again), we then allowed them a premium incentive of just 30% on "current" market price (a reduction on historical premiums) and a mechanism by which the exercise price relative to market was left for them to determine and which they subsequently took advantage of by electing to use a five day period over a time when the market was already depressed in part by actions of their own making (exercise of previous options for those that remember).
Sorry, don't object at all to them selling shares and obtaining "free carry" on the old options, the effect of which would always be temporary and when the intention of their provision was to provide an additional income incentive based on the difference between the exercise price and market which is what they took, but I continue to be a bit miffed about the way they used this period of "falsely" lowered market price to set the exercise price of their new option issue.
pj
- Forums
- ASX - By Stock
- Ann: Change of Director's Interest Notice
Re: "I never understand how shareholders are so willing to give...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
48.5¢ | 49.0¢ | 48.5¢ | $11.35K | 23.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.490 |
2 | 28052 | 0.485 |
4 | 87930 | 0.480 |
3 | 85000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 30000 | 1 |
0.500 | 9300 | 1 |
0.505 | 10000 | 1 |
0.510 | 129688 | 3 |
0.515 | 2239 | 1 |
Last trade - 10.33am 23/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online