You are guessing wrong. That's not how it works. Go read my many...

You are guessing wrong. That's not how it works. Go read my many long posts on it (its a complicated topic and I am not doing it for the umpteenth time - though will set you on the right track).

The annual report:





The apathetic non-voting of shareholders in 2020 (at the AGM) on the options that effectively granted the generous options to executives:


An example of the options (in this case given to Paul Anderson's buddy who was magically voted back onto the board for one final nice payout (which he will now be collecting courtesy of shareholder apathy) that were granted back in 2020 - I was on these threads arguing they had placed a higher strikes price which allowed them to allocate more options, without raising shareholder concerns, suggesting they knew something very positive was coming - BioHorizons then did, but didn't see quite the immediate effects they would have expected.





The nature of exercise and execution of employee options at OCC, and practically all other ASX companies that offer them (for the serious wide failings of ASIC in my opinion) are not clearly disclosed by OCC, or other companies, anywhere near satisfactorily for shareholders to make informed decisions on them. But in my, considered, well experienced and very well analysed opinion, and that of anyone else understanding the ASX markets and past such employee option award exercises events, there will (in my well past explained opinion) be no physical on-market selling of stock resulting from these options being exercised.

If its not obvious its a massive gripe of mine as a growing advocate of small shareholders, and my well informed understanding of their almost endorsed lack of access to this important aspect of how executives remunerate themselves with very little oversight from ASIC or the ASX in terms of explaining the complicated and illusive settlement procedure of employee stock options. These options are VERY different to exchange traded options, but treated as similar by accounting and capital market regulators in their ignorance.

To give you an eample they will all use common Black and Scholes (and Mertons - always left off) modelling to price them for accounting and settlement purposes - congratulating themselves for using such complicated models, when they don't actually understand them. One of the fundamental mathmatical premises of the B&S model is that there are arbitrage opportunities (in exchange traded options there loosely are) for the pricing to be appropriate. There very specifically are not in employee options. They can't trade them at all. The valuation by B&S modelling of employee options is a very, very poor approximation of employee options value, make no mistake - the model requires a number of conditions they do not meet.

I might one day do a Docterate thesis on this, as its a travesty of ignorance and poor oversight across the global equities markets (kind of the important things that kind of drive the wrold economy) and has increasingly massive unseen and misunderstood consequence for capital mkts, even in little OCC.. Simple example, the difference in effect on OCC stock if 17,000,000 options settlement stock is sold on mtk vs a wash through balance sheet settlement of the options would be huge. I am telling you the latter will happen (as it did in the past at similar events) for the nervous amongst you - see my previous posts for fuller explanation.. But you can see why this stuff important and it a serious oversight that ASX (and LSE and NYSE) companies are not very forceably made to disclose the settlement procedures to investors very, very clearly.

(I really will add a caveat, that this is all my opinion, not financial advice, blah, blah, blah, as I am telling you stuff that most financial advisors, for all the money you pay them, and the regulators who are meant to make capital markets transparent and orderly, do not actually fully understand this stuff - or it would be more clearly disclosed as a listing requirement....and I could face recrimination from the powers that be for such criticism)