Cymon,
Insto's use mark to market, thus selling shares and keeping their options will probably reduce their bonus.
Look at the raising Roth did with Lake Resources in January this year - all very positive to LKE's share price.
After, googling Roth, I note - 74+ Deals this year - you will blush at the average raise! I am asking why would they bother with us? Answer ......
I am interested to see what happens to TMZ's share price pre the Record Date (not given atm) - re: the 1 for 4 options at a cost of 0.1 cents ($0.115, 3 year expiry).
Mgt clearly is trying to look after Aust/NZ shareholders given this raising.
My last comment is 2 weeks ago our shares closed at 7.9 cents - we closed today at 8.4c and we will now have ~$5m in the bank and we get a 11.5c, 3 year option (on a 1 for 4 basis).
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