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2.8¢ biotron limited

Dr Michelle Miller has converted all her options with $597,000 of her own money, why now?, page-11

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elephantsong

499 Posts.

273

23/10/18

17:35

Post #: 36229143
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Originally posted by GiddyYup: ↑

Yes, options would remain valid thus holders could either exercise and accept an offer on equities or accept the offer on the options which would be the equity offer price minus exercise price.

Be careful about the assumtion above as to why a director would exercise options early. The logic may be flawed. The most likely reason would be that there may be a very short period that the director is allowed to trade that the options are int he money. In this case the director has had to sit for years hoping that her invcentive becomes worth something. Thats finally happend in recent weeks but the price is currently sliding back towards the teens. It hay be the case of a bird in the hand and you couldn't blame them.

The assumtion at the begginning of this thread could be right and I hope it is but I wouldn't be ignoring the obvious alternative. Best to acknowledge both possibilities.

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Money talks. Bullshit walks! lol

MM exercises those options is one of the above.

BIT Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.8¢		Change 0.002(7.69%)		Mkt cap ! $25.26M

Open	High	Low	Value	Volume
2.6¢	2.8¢	2.6¢	$2.933K	105.9K

Buyers (Bids)

No.	Vol.	Price($)
1	232047	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	186191	3

View Market Depth

No.	Vol.	Price($)
1	232047	0.026
5	1388646	0.025
4	396000	0.024
2	430000	0.023
5	4245555	0.022

Price($)	Vol.	No.
0.028	186191	3
0.029	555600	4
0.030	60000	2
0.031	109129	2
0.032	500000	1

Last trade - 16.10pm 29/08/2024 (20 minute delay)

BIT (ASX) Chart