Steini
reason is it is a freebee is because if you are given 25,000,000 options with a future date for conversion of around 4 cents each, which do not need exercising or converting at that 4 cents for another couple or so more years, then if in the meantime things go really well for IMU causing the standard shares to trade for 14 cents each then the options would then be worth about 9 cents or more each, then those directors can sell about one third of their options on market raising enough money to convert their remaining options to fully paid shares and its all been funded from the initial 25,000,000 free options which they have received up front.
i.e they do not need to find new money so long as they don't mind selling a portion of what was given to them
fp
Steini reason is it is a freebee is because if you are given...
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.2¢ | $384.2K | 7.271M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1723946 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 905438 | 6 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |