MAY 9.09% 2.0¢ melbana energy limited

I find it hard to understand why an option holder would not have...

  1. CHN
    717 Posts.
    lightbulb Created with Sketch. 283
    I find it hard to understand why an option holder would not have sold the equivalent number of shares,
    waited two days for settlement and then sent a cheque to the company and taken up the options at 2 cents.

    It did not involve any further outlay of "hard earned cash"

    You may have banked a few sheckles if you timed it right.

    And it would have helped the company in which you invested.

    Is it the dilution that bothers folks?

    Maybe I'm missing something here?
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
-0.002(9.09%)
Mkt cap ! $67.40M
Open High Low Value Volume
2.2¢ 2.2¢ 2.0¢ $31.42K 1.518M

Buyers (Bids)

No. Vol. Price($)
32 8153107 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 443000 3
View Market Depth
Last trade - 16.10pm 08/08/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.