You can say it as many times as you like James. But that would only work where no-one exercised. What's in it for those of us who paid out their 20c to exercise?
There's no winners here. If you chose to lapse - you lose. But at least you have the chance to buy in cheaper than 20c. If you chose to exercise you lose compared to those "very lucky" new holders coutesy of the placement with 1:2 free 10c option.
By the way, if the new options need to be approved at a general meeting, then the placement is conditional and no funds will flow to the company until that happens.
A WIN WIN for those very lucky new holders. But apparently we should ,according to our Chairman, .... "welcome institutional shareholders of such high calibre to our share register and [we] believe all Shareholders and investors will benefit from this relationship.?
EXE Price at posting:
20.5¢ Sentiment: None Disclosure: Held
