I don’t think they’ll take it JB - you can’t extend an option I...

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Hatrack

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28/12/23

11:10

Post #: 71639284
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Originally posted by JUSTBOB: ↑

Ross Love mentioned the likely need for a further capital raise.

In having a cap raise, it usually affects the share price, in that it is set below the market price at the time, in order for it to be attractive. A cap raise does incur costs that reduce the net result of how much the company finally receives.

On the other hand, if the option expiry date was extended for 6 months, the share price should exceed $1.20 after we get the Boeing approval, due by June & FAA approval sometime later, the need for a cap raise would be eliminated with the exercising of the options @ $1.20.

Once the options are in the money, they are worth exercising before expiry, saving SMN the cost of going through a cap raise at below the market price.

Extend the current option expiry date & chances are there may be no need for a cap raise. There would also be little or no cost involved in raising the money & the share price would not be drastically affected.

I hope Ross & the other board members consider the extension of the option expiry date as it is the most appropriate option available.

The above advice is offered, free of charge.

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I don’t think they’ll take it JB - you can’t extend an option I didn’t think - what about all the people who
have traded it on the assumption of expiry?

SMN Price at posting: 49.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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