You would only list the options that are in the hands of shareholders issued as part of the last issues. they would need to apply to the ASX as they said in the prospectus that they would not apply for listing but they can tell them that after listening to shareholders they have changed their minds. Any market savvy director wound have applied for listing immediately.Particularly if ,as they clearly intimate ,they expect the price will rise when they deliver their funding partners.
Apart from delivering a mechanism for trading the options for their hard bitten thrill seeking shareholders , it has the potential to be a source of cash before the expiry date. Let’s assume the share price goes above 2 cents in the next 6 months (We can only hope and you ,Surandy,havedone the numbers and hope it does)then you can sell shares and exercise options. There will be about 500 million options outstanding that will have the potential to bring in $10 million. Only a donkey would not create this mechanism if it had the potential to achieve this ! As for the cost??? Well just look at what they have been paying in underwriting, investor relations and directors fees which are all being paid by long suffering shareholders!
KPO Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)