re: Ann: Underwritten Entitlement Issue and A...
This is typical of OKAP companies. NKP just did a similar rights issue that applied to shareholders and option holders. OKAP love extending options. Well technically the old option expired and this is a new option. But effectively it is an extension. Even RRS did it. The whole fleet do it.
With the 1.2c warrants, now 1.2c options. The 1c OKAP debt to equity. They just keep puting up a wall that wont let the sp rise.
This is a trivial amount to raise. Generally with OKAP you need to look at who held the expired options to realise who benefits from these deals.
KAB Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
