IMU (ASX) IMUOD

For sure.. my point is more this is clearly the exception to the rule, rather than standard practice.

Look at@Steini etc who sold out and significant losses to buy the Es. They did so based on the contract specifications.. so i imagine they'd be a bit annoyed wearing a large loss only to have the Ds then get rolled out into the future to buy more time for the market cap to appreciate?

Originally posted by DTshares: ↑

No idea what the chances are, but here is the PAA ann about there issue of options to expired option holders,

https://hotcopper.com.au/threads/ann-options-offer-to-existing-listed-option-holders.7641934/

All in my opinion and not advice in anyway, this might be a win win for the company and SHs.

The case for it potentially could be?:
securing two tranches of capital (first is buying new options at very low price, second is their potential future conversion) versus no capital (lapsed OD options).
very low cost, low hassle capital. You don't have to go out and seek further diluting capital at a high cost. It's there already, you just need to enable it to stick around by extending the expiry (new options), and to be exercised via lower strike price.
Significant goodwill in the market for considering and looking after SHs, and recognising the long term support they have invested in the business.
Further extension of runway via new option conversion (which would very likely be at a much lower strike price).
The ODs are already factored into a fully excised SOI, so no further dilution. Raising new capital, even if it was a similar amount of options, would incur additional cost. And greater dilution as, based on previous raises, their might be free options and heads offered at a discount.
Could possibly avoid any downward pressure on the SP by offers at a discount to VWAP that might occur in the case of a CR.

Going on the PAA example, they achieved a 93% uptake of the new options, so very effective.

This option is also made more relevant by the CEO's recent comments regarding data being released in the next 3, 6, 9 months that would get a lot of attention. Extending/reissuing them is effectively free money in that case. You wouldn't want to let the ODs expire and then release major data. It wouldn't make financial sense, aside from any responsibility and ethical arguments.

So, easy and cheap capital and good will in the market, why wouldn't you?

Just expressing my opinion on the matter, and not giving any advice. Do your own research.

GLTA.

Expand

Originally posted by Tenacity & Patience: ↑

bat35y,
I've seen options extended out in the past, with other ASX listed companies. Normally extensions were granted back in the 1980s & 1990s where options- rights - convertible notes, were a large part of nearly all ASX top 1000 companies. Extensions were typically granted via options being merged or the company going through a trading halt, with extended time granted after restarting trading.

The IMUOD's, should they be extended out 6-12 months, is mutually beneficial for both Imugene and holders alike.
Should the SP go to 50c-70c next October, however be trading at say 40c in late August. It would mean IMU doesn't pick any of that revenue. Whilst the options wouldn't be exercised, being useless to the holders. I'm not sure of the amounts circulating, but previous posts from memory, indicated the exercising of them being worth $70m AUD. That would potentially take pressure off capital, and the need (not want) of Capital Raises.

I don't have any IMUOD's but wouldn't begrudge holders getting a 6-12 month extension. If for no other reason than for the companies benefit, and the $70m involved. However, a small group of posters here would cry favoritism and rorts (especially if management holds any).

We're heading into May, with four months until the end of August. I can't see PH letting such a large quid slip by. My bet is that via an announcement or deal, in that time we'll be trading above the high 40c range.

An extension (provided all others in the future are given the same leeway) For mine, would just be common sense. However, common sense isn't that common these days !!

-GO IMU!

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No.	Vol.	Price($)
9	1171830	5.9¢

No.

Vol.

Price($)

1171830

5.9¢

Price($)	Vol.	No.
6.0¢	1188733	16

Price($)

Vol.

No.

6.0¢

1188733

No.	Vol.	Price($)
9	1171830	0.059
28	4470577	0.058
11	1566891	0.057
10	1360730	0.056
23	1515897	0.055

No.

Vol.

Price($)

1171830

0.059

4470577

0.058

1566891

0.057

1360730

0.056

1515897

0.055

Price($)	Vol.	No.
0.060	1188733	16
0.061	527385	3
0.062	1877633	7
0.063	1382841	6
0.064	753615	5

Price($)

Vol.

No.

0.060

1188733

0.061

527385

0.062

1877633

0.063

1382841

0.064

753615

(20min delay)
Last 6.0¢		Change -0.004(6.25%)		Mkt cap ! $439.1M

Open	High	Low	Value	Volume
6.4¢	6.5¢	5.9¢	$2.751M	44.93M


Last 6.0¢		Change -0.004 ( 6.25 %)
Open	High	Low	Volume
6.4¢	6.5¢	5.9¢	22305109
Last updated 15.59pm 04/06/2024 ?

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