Roryboy can you please explain this " IMC our largest shareholder sitting there with the right to move to 85% at will"
Annual report shows IMC as having 393981792 shares (30.26% of issued shares) plus the 300million options.
Assuming IMC exercise the options they will have 693981792 shares divided by the new total # of shares (cancellation of shares ANN 1/4/2021 shows the total as 1295317066) so the total of issued shares will be 1295317066 plus the 300000000 = 1595317066
693981792 / 1595317066 = 43.5% of issued shares IMC will have if they exercise the options
what am I missing? I know the buy back might reduce the total # of issued shares by approx 90million.
HZN Price at posting:
8.6¢ Sentiment: None Disclosure: Held
(20min delay)