But why exercise now given the current SP? The loan still has to be paid back at some point. If the company was subject to a takeover at 40c they would lose money. Surely voting rights is not enough of a reason? It's not that many shares for it to be voting rights related. I'm struggling to understand what their motivation/strategy is here. It's still a personal liability for them at the end of the day. What am I missing?
General Discussion, page-3
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Last
$1.24 |
Change
-0.015(1.20%) |
Mkt cap ! $1.077B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.22 | $10.85M | 8.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 43214 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 222 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |