I have exercised options before and for the average person on the street it took me about 10 days before I received the shares. Having said that, if the Directors walked in with a bank cheque on the 29th June, I'm sure it would be processed in time.
I assume they will have to finance these, so to be safe they'd want to have all that organised by now. Not much point in drawing that money (interest) down now, I'd wait till a bit closer to June 30. How close? I'd guess at least a week out.
Of course, if they get an offer which the directors recommend, they could sell their options into the offer, but time is running out to do that.
If/when they do exercise these options, it will be an enormous boost in confidence for us & future shareholders. Currently the sp is only 6c above the exercise price. For the directors to exercise would mean they have a lot of confidence the sale will be for a much higher figure. The 6c would barely cover their interest payments let alone the risk.
MAE Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
