The buyback date is set at 26/11/24 so unless the SP appreciates hugely by then there are no options that are in the money to enable cashless conversion - right?
Perhaps the company pays the B-Scholes value for all the outstanding out of the money options and therefore "buys these back"? They will be cheap as chips being so far out of the money - then re-issues these as employee incentive options at a much lower price - 5c? Lower?
I'm grasping at straws here.
I can't see the positive for SH'ers, can you? Not normal.
@IndexInvestor
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Last
2.5¢ |
Change
-0.001(1.96%) |
Mkt cap ! $79.42M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.5¢ | $27.47K | 1.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2604122 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 534120 | 4 |
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| Last trade - 15.50pm 28/07/2025 (20 minute delay) ? |
| ACW (ASX) Chart |