I will be in the market for options if, as someone has mentioned, there is a tsunami of selling at 0.1 cents.
The reason is that, as I understand, those options come into the money if there is a takeover/sale at anything above 3 cps.
A bid of 60 million is 3 cents per share.
Any bid over 60 million will put the options in the money.
I realise the market doesn't seem to care but this company had a market value of 50 million only 6 months ago.
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Last
$1.02 |
Change
-0.010(0.97%) |
Mkt cap ! $14.65M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.04 | $1.00 | $20.40K | 20.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10319 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 13499 | 1 |
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| Last trade - 10.12am 20/06/2025 (20 minute delay) ? |
| OSL (ASX) Chart |