I'll be interested in any insights you can share from any response. It's a strange situation where from our perspective as shareholders, it would be great if the $10.7 million could be use to reduce management's share of Findi sharply and increase our share sharply, recalling that $10.5 million in 2022 acquired a 75% stake of Findi/TSI at the time. But recently we had Piramal pay $37.1 million to acquire the (right) to a 16.7% share of Findi in 3 years if it gets to IPO.
So you could imagine from management and Piramal's perspective that it would be unfair if ASX shareholders ccould invest on much better terms a few months on from what Piramal did. And if we can/could/have/will sharply increase our ownership stake, then today the share price should have really rocketed. I'm not saying it's not possible that we can/have sharply incresed our ownership stake, but you would think management and Piramal would have foreseen this situation when stipulating on what terms we as shareholders could increase our stake.
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- Ann: Conversion of Options raises $10.7 million
Ann: Conversion of Options raises $10.7 million, page-18
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Last
$4.70 |
Change
-0.060(1.26%) |
Mkt cap ! $229.3M |
Open | High | Low | Value | Volume |
$4.80 | $4.81 | $4.65 | $694.6K | 146.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2729 | $4.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.73 | 889 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2729 | 4.700 |
1 | 4500 | 4.690 |
1 | 150 | 4.670 |
2 | 3529 | 4.660 |
2 | 2365 | 4.650 |
Price($) | Vol. | No. |
---|---|---|
4.730 | 889 | 1 |
4.770 | 4317 | 2 |
4.780 | 507 | 1 |
4.790 | 529 | 1 |
4.800 | 5780 | 2 |
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