Our options were useless. Not a 'benefit for loyal shareholders'. At like 200% premium, and dilution for all shareholders practically equal to any options converted. It's just a low cost raising option for management (sold as a benefit for shareholders) that never eventuated, since the SP fell.
But a 5 year, 5% premium warrant is certainly a valuable bonus for anybody participating in the US IPO. That's a big reason for the SP to be down. People happy to hold the warrant and sell the stock.
It could remain out of the money, but it's still a cheap bet for warrant holders. Nearly full upside, limited downside.
Our options were useless. Not a 'benefit for loyal...
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Last
15.5¢ |
Change
0.010(6.90%) |
Mkt cap ! $42.15M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 14.5¢ | $107.5K | 703.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 97305 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 161967 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NVA (ASX) Chart |