They needed to sell 40 million shares at 2.3c to buy 36.7 million new shares at 2.5c. If they don't sell more, this seems to be the strategy. Sell low buy high strategy plus options. However, not a good strategy IMO if they are doing it just for the options.
MEL Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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plus options. However, not a good strategy IMO if they are doing it just for the options.
(20min delay)