BRK (ASX) BRKOB Options Allocation

Originally posted by oddball144: ↑

Greetings all,
I am posting this new thread to elicit the experiences of other BRK options/shareholders who applied for the new BRKOB series in August this year when the company announced they would issue 300M new options (BRKOB) at 0.001 with a strike price of 0.011 expiring June 2022.
I'm interested to know if anyone received their full allocation as requested or what your scale back was if you applied for more than 1M new options.
Here is my story.
I bought a holding of ~20M of the original Dec 2018, 2 cent options in 2018 at a cost of~ $30,000 purely as a speculative play although I managed to trade in and out for some profit reducing my overall outlay.
Obviously I did my dough on those as it never got back near 2 cents after briefly trading above that price during the year.
I was therefore happy to take up the companies offer of the new Dec 2020, 3 cent options late in 2018 for 0.0006 and because they were supposedly wanting to "reward loyal shareholders", I received nearly my full allocation and ended up with ~9.5M of these new options. I noticed in a subsequent company release that this holding placed me in the Top10 option holders in 2019.
Okay so far. Like many long suffering shareholders ( I own a big chunk of the underlying also...) I thought maybe the Jewel announcement would be forthcoming and propel the share price higher before Dec 2020 but of course Covid and a collapsing oil price put paid to any hope of hitting the the 2 cent level again, let alone the 3 cent strike price. The options did trade at 0.002 and 0.003 so I had my opportunity to sell them and recover some of the capital sunk into the 2018 options but here we are in Dec 2020 and I still own them...my bad.
So come August this year, I took up and received my free BRKOB options when I participated in and paid for my entitlement of new shares at 0.005 on a one-for-three basis.
I also applied for 10M new options out of the 300M they were issuing and sent off my payment of $10,000, figuring they would again "look after existing holders". Of course then the company went and issued new options as compensation to their creditors and to management necessitating a three month delay in listing these new options so they could receive shareholder approval which was pretty annoying to start with but hey, they finally came back on the market last week.
During that time the share price rallied over 50% and the BRKOB's have been as high as 0.003 bid, a nice increase of 200% from the issue price.
Congratulations on receiving your 25M free options at last weeks meeting David Prentice.
personally, I was scaled back from 10M to 1M that finally went into my trading account last week and received $9000 back in lieu of options I could trade...
Thanks a lot for looking after us on this one....
I will be very interested to see the Top 20 options holders list again sometime.
If anyone has access to this now they are trading again, please let me know before I write to the company expressing my displeasure.
I don't mind losing money in the market when I get it wrong as has clearly been the case on my original investment, but it sticks in my throat to think that someone else has benefited at my expense because my 9M options that I expected to receive found a home with some other "lucky" player.
If anyone has a similar story, please do share or if you have any insight into how these sort of allocations are distributed in normal capital raises, I'm sure we could all benefit from the knowledge next time....
Perhaps I should have applied for 100M options and paid my hundred grand! Then maybe I would have got my 10M options...
Is it Automic who decides the allocations or is that a company decision?
Anyone else experience a 90% scale back from their paid for application of BRKOB's?
Or perhaps I am the victim of a clerical error...yeah, that's probably it right?
Thanks guys and gals...
Let's hope for better things to come in 2021.
Cheers.

Expand

My current holding of Brkoa's has me well in the top 10 (obviously stuck with that loss) and I applied for a substantial amount of new options with similar thoughts to yours, I too have been scaled back to 1 million.

I could have been trading the money they sent back and covered some loss by now.

it seems very suspicious to me also as I'm sure they don't have 300 option holders let alone 300 that would have applied and some people are saying they only received 500,000 so that would suggest >300 applications if you assume everyone was scaled back the same?

No.	Vol.	Price($)
25	17679010	1.3¢

No.

Vol.

Price($)

17679010

1.3¢

Price($)	Vol.	No.
1.4¢	20131434	25

Price($)

Vol.

No.

1.4¢

20131434

No.	Vol.	Price($)
25	17679010	0.013
19	16078095	0.012
13	8616356	0.011
11	3857152	0.010
8	3336680	0.009

No.

Vol.

Price($)

17679010

0.013

16078095

0.012

8616356

0.011

3857152

0.010

3336680

0.009

Price($)	Vol.	No.
0.014	20131434	25
0.015	17355202	21
0.016	3683621	15
0.017	9361466	9
0.018	2364444	5

Price($)

Vol.

No.

0.014

20131434

0.015

17355202

0.016

3683621

0.017

9361466

0.018

2364444

(20min delay)
Last 1.4¢		Change 0.001(3.85%)		Mkt cap ! $66.70M

Open	High	Low	Value	Volume
1.3¢	1.4¢	1.3¢	$107.3K	8.154M


Last 1.3¢		Change 0.001 ( 0.00 %)
Open	High	Low	Volume
1.3¢	1.4¢	1.3¢	3243062
Last updated 15.27pm 16/05/2024 ?

BRKOB Options Allocation, page-5

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