AN1 12.5% 0.7¢ anagenics limited

they are now officially worthless, And this is so unsatisfactory...

  1. 218 Posts.
    they are now officially worthless,
    And this is so unsatisfactory leading into the options expiry date
    As I've said before the option had a very long expiry date and it does have a fair strike price of 3.4 cents, it has always been very achievable for the board to get them in the money , I suppose they do have a month!
    Unfortunately for the board if they don't get the options in the money , it is a100% failure , unlike other companies
    That have many listed options and warrants where some get in the money and some don't
    Which way will the board turn this 100% success or 100% failure?
    Remember this board will need money from somewhere if not from options from either large shareholders or S.I. , this will come at a hefty discount to the share price at the time of announcement, I say this because ASX requires companies to have enough money to be an ongoing concern, and although the quarterlies have shown an increase in sales , they have not shown to be cash positive
    Just venting my thoughts
 
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