FGR 1.82% 5.4¢ first graphene limited

Ann: Update on Exercise Price of Options, page-16

  1. 5,616 Posts.
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    25c to excercise an option to get a 22.5c stock is a bad deal any way you look at it. Those owning the options are better off buying heads on market assumming the options were given free.

    I was going to keep some money aside to excercise these but 25c is a very high strike price. (the last ones i converted were 0.025 to convert (and that was so i could get the dividend that was announced for the stocks held! FGR is quite a long way off divvies imo!)

    I get they jacked up the excercise price from 20c to 25c to encourage holders to convert but it seemed like a bad deal back then so didnt bother.

    I dont really see people buying options now and paying any sort of premium given we are in the count down to expiry - as much as i am a long term holder i need an incentive here which these options just dont provide. It would be charity on my part to spend to convert. Ill need to see a price in the 30s also like another investor mentioned in a recent post.
    Last edited by 1for1: 12/04/21
 
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5.4¢
Change
-0.001(1.82%)
Mkt cap ! $35.6M
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5.4¢ 5.5¢ 5.1¢ $14.32K 278.2K

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No. Vol. Price($)
2 84908 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 105958 2
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Last trade - 15.45pm 26/06/2024 (20 minute delay) ?
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