Far be it for me to come to the defense of a stockbroker (pox be upon them) but underwriting an option conversion is not the same as a cash raise.
A cash raise would be a guaranteed quantity at a fixed price, say, 10,000,000 shares at 7.5c.
Hartleys have just written 68,000,000 puts at 8c. If the market turns bearish over the next 6 weeks, Hartleys will be be buying large quantities in a down market. If the market turns bullish, Hartleys will be converting less options.
If you don't want Hartleys to get anything, then convert your options or sell them into the open market. The current bid is 1c. And those who don't own any options need to have a long cold drink of harden the frak up.
- Forums
- ASX - By Stock
- APC
- Ann: Options Underwriting Over Subscribed-GPH.AX
Ann: Options Underwriting Over Subscribed-GPH.AX, page-17
-
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add APC (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.070M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $100 | 100.3K |
Featured News
APC (ASX) Chart |
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online