Really? After market, before market, does it make a difference? Being after market, there still is going to be a "NL" or some other symbol against UNT for the entire trading day on Monday. This is not a slide in so no one can see announcement. (unless they announce the big 5 on Monday morning, or some other massive announcement which would effectively hide this announcement)
Having said that, I thought this is pretty tame.
- 10% placement capacity. - We've seen this before, nothing new.
- issue of 7M shares & 8M options to Everblu - This is for payment for the CR earlier in the year, it's already happened, we already know about it (if you're paying attention). Refer to the July announcments. Nothing new.
- 12.5m options for employees - not excessive at all. Check out the voting form from 2 years ago, when they were chasing 75M performance rights for the executives. Nothing like that this year. Other companies I follow directors are seeking huge perfomance rights, or other cash grabs. I think this is a reasonable set of requests given our current state of play.
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Really? After market, before market, does it make a difference?...
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