AUK 12.5% 0.7¢ aumake limited.

Ann: Proposed issue of securities - AUK, page-2

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  1. 13,770 Posts.
    lightbulb Created with Sketch. 19
    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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