Ann: Imugene completes $90 M placement and launches $5 M SPP, page-394

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jds1988

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02/08/21

17:23

Post #: 54970253
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Originally posted by Paulfool: ↑

This historical 1.4c raise between IMUOA, IMUOB and IMUOC Options are quite likely is just coincidental and reflective of where the company and share price was at the time of each capital raise in 2017, 2018 and 2019.

This new capital raising has been conducted at 30c (when we were trading around 33c range) and as such the free Options exercise price has been set (similar to prior times) at approx 30-40% premium to the capital raising share price.

These new 300million shares at 30c bring in 90million now and the 2 for 1 free Option IMUOD equates to 150m x 45c for a further 67.5 million when they are exercised and converted by holders into fully paid ordinary shares anytime within the next 4 years.

It would not make sense for a company to issue these new Options at a discount to existing share price level, as that does not give an incentive to remain a long term investor wanting to see the share price well and truly remain above the 45c level.

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Well said Paul,

one look at the previous & current options on offer gives a bit of insight as to where IMU may be in 2024 when the IMUOD expire.

IMUOA
- expiry: 30 Nov 2020
- strike price: 2.6c
- SP at 30 Nov 2020 : 12c (4.6 times the strike price)

IMUOB
- expiry: 30 Nov 2021
- strike price 4c
- current SP : 29c (7.25 x the strike price)

IMUOC
- expiry : 30 Nov 2022
- strike price 5.4c
- current SP: 29c (5.3 x the strike price)

IMUOD
- expiry : 31 Aug 2024
- strike price 45c
- Future SP: ??? who knows but history gives us an idea and something to speculate on.

IMU Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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