EDE 0.00% 0.2¢ eden innovations ltd

Started wondering how much money might come in the kitty from...

  1. 1,046 Posts.
    lightbulb Created with Sketch. 47
    Started wondering how much money might come in the kitty from the Sept Options & how many the Solomons have & if will cough up own $$ to exercise them - in 2016 Annual Report of  TAS on Page 13 says Directors were granted Options in EDEN as a way to convert debt into equity so Greg S was allocated 12,367,635 (will cost $371k to exercise ), Doug S  2,581,072 ($77k) & Guy T Le Page 1,910,072 ($57k).
    D:http://www.tasmanresources.com.au/announcements/ee6d1e0c2f3aea090128234c84b556bb.pdf

    In 2017 Annual Report though it lists the  Top 20 Option Holders (cut & paste doesn't come across here properly so just scroll down to last page 43) but doesn't segregate them into Expiry dates & prices as such:
    https://www.asx.com.au/asxpdf/20170929/pdf/43msdg5c04c007.pdf
    but with Noble Energy Pty Ltd (being 100% owned subsidiary of TAS & holding all the EDEN Shares in it) is on top with 93,187,329 Options then 3rd also with extra 8,789,413 Options but no idea re price/expiry? The Solomons are listed on there too with Greg  under 3 different entities with total now of 13,092,309.

    Anyway, IF even just the first lot of Noble Energy P/L are SEP 2018 Options, it would have to come up with $2.8M & as this subsidiary Company has usually been used before like a 'loan company' (they borrow from it in lean times then pay the loan back to it after successful Capital Raisings) & does not have money in the kitty am pretty sure this lot of Options won't be exercised & will just expire...?

    Anyway, is just my opinion & happy to hear debates on the topic though if there was a way to bet on the outcome I'd say they won't be turned into Shares which is probably a positive if can get money in from other sources.
    It appears they just been given a grant of $300,000 dated last week.
    https://www.theaustralian.com.au/bu...t/news-story/325ae801b4da347eeb89535d18b1acfc
    Last edited by katy28: 24/07/18
 
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