Well that was a massive show of support by AAOO option holders. 53,709,241 AAOO lapsed. So if there was no underwriting that's close to an $11m hole in the "fixed" cash reserves projection contained in the recent Investor Presentation.
So what's next? A capital raising at less than 20c? The bigger AAOO holders who chose to lapse clearly figured they could get more for less later?
Well that was a massive show of support by AAOO option holders....
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