I agree with you other than the potential downside. NOR is basically placing a bet for it's own shareholders. 200K now for "free" but if the options end up in the money shareholders face a 40+% dilution and an immediate 30% depreciation in their holdings. There are other ways of raising the money. The test is - does this meet the fiduciary duty of the directors to look after the best interests of all it's shareholders?
A small number of shareholders and NOROA holders will reap the benefits while everyone else takes a hit.
I said it earlier and I'll keep saying it.
You can't unscramble eggs.
I agree with you other than the potential downside. NOR is...
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.28M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70000 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 32258 | 1 |
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| Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
| NOR (ASX) Chart |
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