Another benefit is the 28.5c goes to the company, so the more options being converted the more cash the company has in the kitty.
From the last quarterly, plus the raise we should have $7.3 mil minus 600k expenses for the quarter, so $6.7 mil. If the options are converted we may be well above the $7mil mark, even approaching $8 mil. Anything above that is a huge win.
If the price goes up and you convert, you win and the company wins as well. The way things are going I can’t see why anyone wouldn’t convert their options to heads if the arbitrage opportunity is there.
Could be a great outcome all round!
Another benefit is the 28.5c goes to the company, so the more...
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$3.92 |
Change
-0.140(3.45%) |
Mkt cap ! $737.6M | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.14 | $3.86 | $1.947M | 491.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $3.87 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 2500 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| VUL (ASX) Chart |