The market would have to bring the share price up to or over the $4 strike price for those with options to bother exercise them. If say it reaches $4.01 at expiry, and people exercise their options, the company would only get $0.01 for each exercised option from them (plus the 0.001 they paid for the option in the first place) - not the $4.01 in total. So the only extra cash the company would get is the difference between the share price on the exercise day and the $4 strike price.
Anyways, my dilution comment (which related to EPS dilution) appears to have gained more attention than the fact that the point I was trying to make is what is the purpose of the Bonus Option Scheme, and the Two for One consolidation for that matter - a 400:1 reverse split would have make more sense, bringing the share price to a respectable $4.60. http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=RYG&timeframe=D&period=M6
Both appear to have no benefit to the shareholders. The only beneficiary I can think of is the profits of the company that processes these transactions has at the shareholders expense, which is Seneca (http://senecafs.com.au/) I suspect. That may lead one to ask whose interests are they looking after.
... maybe I'm too cynical, or maybe i'm turning into an good analyst
- Forums
- ASX - By Stock
- Ann: Update on Media Intelligence Co. Pty Ltd
The market would have to bring the share price up to or over the...
-
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OAK (ASX) to my watchlist
|
|||||
Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.862M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 1524 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.070 |
3 | 91070 | 0.069 |
2 | 180000 | 0.060 |
1 | 20100 | 0.059 |
1 | 86000 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 1524 | 1 |
0.096 | 52424 | 1 |
0.175 | 22450 | 1 |
0.180 | 30000 | 1 |
0.190 | 29137 | 1 |
Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
Featured News
OAK (ASX) Chart |
Day chart unavailable