You have to factor in the 435 million options which will take us to 1.2 billion shares. If they’re excercised it’ll bring in nearly 9 million and BRK can be its own banker. I don’t like the dilution but see this as a positive.
AUD$36 000 x 1780 / 1.2 billion = 5.34c
They’re going to need the share price at least around 2.4c by late November if they want them converted.
You have to factor in the 435 million options which will take us...
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