Some crazy stuff going on here. I thought I originally read that 31 million options were being issued at a nil conversion price - Finally found it again.1st time I had ever read a deal like that. The estimated value of each security on the 12/05/22 was 1c - when the shares were 0.08c & today's close a ripping 0.07c. And the there are all the other option issues.
I must say it does not auger well for the future of AUK. Perhaps some more Chinese spy ships off our shores * AUK could deliver the orders by drone ..................
ASX +security code +Security description
Maximum Number of
+securities to be issued
New class-code to be
confirmed
Zero exercise price incentive options expiring 30 April 2025 31,000,000
Pro
This link may not 'work'
https://research.nabtrade.com.au/uploadhandler/z1e88e00az04ef8cb679ed4d868264997d7a5e01fc.pdf
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