I understand. The thing is that I don't see the documentation...

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SwiftySX

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07/06/24

19:53

Post #: 74223604
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Originally posted by bendigo: ↑

Switlly
With respect.
you are totally 100% wrong.

These were unlisted company issued options.

(Quite different to exchange traded options
‘instruments created by the asx
or broking houses)

Back a day or to ago I was something of an expert in exchange traded options and short term broker issued options
I mad good money trading.

Later on CFDs replaced these instruments .
I made quite a few bob there as well because originally the brokers and punters did not know how to value them.

But they eventually woke up
And the CFD issuers now screw everybody!
So I stopped trading them.
……..
Back to the VRX company issued options .

For each of these options to be converted to a share,
VRX the company had to receive the full option conversion amount.

I thought at the time it was a brilliant move by the VRX directors to convert their options into shares and and so doing put funds intoVRX

The directors got their shares
VRX got the conversion cash
a win/win

regards
bendigo

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I understand. The thing is that I don't see the documentation indicating that our management actually converted any unlisted options to shares. There is one document indicating they converted about $700k worth in late 2021.

There is documentation that listed options (VRXO) were converted, but as far as I can tell that wasn't by management?

VRX Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $25.13M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.0¢	$2.294K	56.28K

Buyers (Bids)

No.	Vol.	Price($)
1	41765	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	73026	1

View Market Depth

No.	Vol.	Price($)
2	141765	0.040
2	261877	0.039
4	237210	0.038
1	91072	0.037
1	55555	0.036

Price($)	Vol.	No.
0.042	73026	1
0.044	250000	1
0.045	187000	2
0.047	38619	2
0.048	296773	2

Last trade - 15.46pm 04/11/2024 (20 minute delay)

VRX (ASX) Chart

I understand. The thing is that I don't see the documentation...

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