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Ann: Loyalty Options Prospectus, page-17

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Klue

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13/08/21

13:52

Post #: 55268226
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Originally posted by minoil: ↑

That quote is a standard inclusion...
Your comment below that is incorrect and misleading. " issue millions of shortfall options to insiders"
You need to understand the concept of shortfall....there will be 22m oppies, based on the 1 for 2 entitlement, we all get a fair crack at it....however, if Fred Nerks holds 10k heads and is entitled to 5k oppies, he pays 5 bucks to get them. If he doesn't pay, or couldn't be bothered,those 5k oppies become shortfall.....so, if all holders take their entitlement, there won't be any shortfall....simples.
For the directors to direct the shortfall at their discretion can be a contentious issue, but it's an established practice, so, it is possible that some holders may get extra, possibly due to loyalty etc.
Basically, it's a case of....if you are a holder, and get the chance for oppies, take it, even if it's only a few bucks worth, they'll be a cheap ride

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If there is any shortfall in the results then whoever didn't take them needs a spanking...or whatever the PC expression is these days.

ALB Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.3¢		Change -0.004(7.02%)		Mkt cap ! $3.459M

Open	High	Low	Value	Volume
5.3¢	5.3¢	5.3¢	$500	9.433K

Buyers (Bids)

No.	Vol.	Price($)
1	9803	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	85000	1

View Market Depth

No.	Vol.	Price($)
1	9803	0.051
1	379817	0.050
1	200000	0.040
1	38499	0.026
0	0	0.000

Price($)	Vol.	No.
0.054	85000	1
0.057	20000	1
0.059	120000	1
0.065	26667	1
0.077	24875	1

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