IXC 1.35% 7.5¢ invex therapeutics ltd

Ann: Withdrawal of AGM Resolutions, page-19

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    it would further dilute interests unless they were unlisted. But even though it everyone got one and say exercise price is $3, if share price is $4 and everyone exercises it goes from a 400 mill MC to a 800 mill MC…. Yes they get cash but it’s double the dilution. I’d say a 1 in 3 bonus share would be more acceptable. Won’t happen though so silly hypotheticals lol
 
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