"I expect they will want their PENOA's to be worth exercising, given that they had 36.55% of them in Sept (over 147m)."
I agree Amulet.
Although Insto's may (or may not) hold options and these being converted creates further dilution. I doubt very much the holders are going to let them simply vanish.
IMO they will be converted as the cash benefit outweighs the relatively small dilutive effect.
"I expect they will want their PENOA's to be worth exercising,...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $552.8K | 5.412M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 83 | 10973792 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3927835 | 31 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |