I see the announcement as past issued incentive options now being paid for and exercised by the employees. So, maybe adding a little confidence considering they pay the $.015 themselves.
I am very confident myself, so when one of my other holdings gives me the profit I need, I will convert a few million options also.
If I was not confident I would not convert and either sell the options or allow them to expire and take the loss. So I see them converting as a plus for us, IMO.
GLTAH
I see the announcement as past issued incentive options now...
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Last
4.0¢ |
Change
-0.003(5.95%) |
Mkt cap ! $109.2M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 3.9¢ | $498.6K | 12.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2987092 | 3.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 456893 | 2 |
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| Last trade - 14.09pm 09/10/2024 (20 minute delay) ? |
| RDN (ASX) Chart |