TEX 0.00% 8.0¢ target energy limited

Senetas did this some years back. The oppies were way out of the...

  1. 455 Posts.
    lightbulb Created with Sketch. 35
    Senetas did this some years back. The oppies were way out of the money so they did a replacement issue @ 1c from memory.
    Subsequently,the shareprice climbed on news & the oppies were converted "in the money" The result was a winwin but only after pressure was put on the Directors via substantial holders,represented by influential brokers.
 
watchlist Created with Sketch. Add TEX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.