IF he were to pump in $3m it would give option holders lots of confidence
BUT many options holders may need to sell their heads to raise the cash to then convert = downward selling pressure. Damned if you do, damned if you don’t
HOWEVER if CD exercising his options drove the heads to 15-20c (because that’s confidence) you have a brand new, very exciting scenario whereby I believe all the outstanding options would be converted
we do indeed have a very interesting 4 weeks in front of us - anything could happen & probably will
IF he were to pump in $3m it would give option holders lots of...
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Mkt cap ! $7.917M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $343 | 72.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 28933567 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 4185143 | 7 |
View Market Depth
| Last trade - 15.36pm 28/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 180002 | ||
| Last updated 13.11pm 28/05/2024 ? | |||||
| ESR (ASX) Chart |