IVZO -
This is a reply to Post #: 67410784 by @thecone:
I refer you back again to my Post #: 67375088which IMO appears to have been
misunderstood or misinterpreted by you and perhaps others,to name a couple :
@Rene3223 per his Post #: 67411396and@Davyboy per his Post #: 67411446
by expressing that there would be consequential adversefinancial effects upon shareholders, if my emailed suggestion to Scott Macmillan was adopted by the Company,because it omitted inferences, I – a “hard-done-by”!! IVZO holder- appear to have not thought about that would upset such shareholders ! Wow!
The last para. of my Post #: 67375088 stated that such an Options Issue was verysuccessfully put in place by a micro-capoiler stock I held years ago.
i.e. the “goal-posts were NOTchanged” for the holders of that Company’s EXISTING Oppies.
Such holders were offered
- 1 NEW Oppie for 1 EXISTINGOppie at an Issue price of a cent or 2
- with an Exercise price of 20c or so, 3-years down the track from their issue date
- REPLACING their OLD worthless Oppies, i.e. no longer being able to be exercised.
As for my suggestion, if adopted, creatingconsequential
Dilution
of value of IVZholders’holdings
have a look at Col. (H) – the extreme r.h. col. perTables A) & B) below.
Table A)
shows some $ numbers if a NEW Oppies issue is NOT made
Dependent on my 3 suggested SP’s the heads may possibly rise to
– due a “Discovery ANN by 26 July (the expiry date ofIVZO) –
the respective dilution %ages are surely minimal? See
Scenario #2 = 0.47%, #3 = 1.88% & #4 = 2.44%.
Table B),
ditto, if a NEW Oppies issue IS made, costing Oppie buyers 1.5cper Option
applied for.
On the same bases as for Table A) above
- the respective dilution %ages are slightly higher. See
Scenario #6 = 0.3.35%, #7 = 5.02% & #8 = 5.68%.
Note that the top suggested SP the heads may riseto – of $1 – per Scenarios #4 & #8
Isthe price other HC posters should easily reach given a Discovery ANN.(e.g.@Nightdaytrader9)
I apologise to those of you who are not adept atinterpreting Excel spreadsheets such as below.
Having retired 16 years ago, when in my mid60’s,I was then regarded as a spreadsheet king.
So I imagine that today there are plenty of others inthe workforce that could similarly compile 1-off’s like I have below.
If any of you require any further clarificationabout what I have presented then post accordingly, but please don’t shoot medown – as some have indirectly done so already - unless you can substantiate youopinion with some better alternative figures.
Remember too, that investors who take up theirentitlements in the forthcoming SPP,
would surely also be delighted to buy – on-market – the NEW Oppies (costing my suggested 1.5c each) so that they could then capitalise substantially on the leveraged price they pay, once they’re listed.
Col.A) | B) |
| C) | D) | E) |
| F) | G) |
| H) |
|
|
|
|
|
|
|
|
|
| DILUTION |
A) IFCompany makes NO OPTIONS Issue as I've suggested per my Post #67375088 |
| ONLY |
|
|
|
|
|
|
|
|
|
| when ALL |
|
|
|
|
|
|
|
|
|
| OPTS are |
SCENARIO |
|
| S O I (Mill) | but if SP | $ |
| TILL | MKT CAP $m) | Exercised |
1) | IVZ |
| 961,000 | STAYS AT | 0.120 |
| 26-Jul | 115,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| IVZO |
| 37,500 | will LAPSE | 0.350 |
|
| 0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
so SOI will remain at |
| 961,000 |
| 0.120 |
|
| $115,320 |
| 0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BY |
|
|
|
2) | IVZ |
| 961,000 | RISES TO | 0.400 |
| 26-Jul | 384,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| IVZO |
| 37,500 | will be |
|
|
|
|
|
|
|
|
|
| exercised at |
|
|
|
|
|
|
|
|
|
|
| 0.350 |
| 26-Jul | 13,125 |
|
|
|
|
|
|
|
|
|
| then becomes |
|
SOI will rise to |
| 998,500 |
| 0.398 |
|
| $397,525 |
| 0.47% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BY |
|
|
|
3) | IVZ |
| 961,000 | RISES TO | 0.700 |
| 26-Jul | 672,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| IVZO |
| 37,500 | will be |
|
|
|
|
|
|
|
|
|
| exercised at |
|
|
|
|
|
|
|
|
|
|
| 0.350 |
| 26-Jul | 13,125 |
|
|
|
|
|
|
|
|
|
| then becomes |
|
SOI will rise to |
| 998,500 |
| 0.687 |
|
| $685,825 |
| 1.88% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BY |
|
|
|
4) | IVZ |
| 961,000 | RISES TO | 1.000 |
| 26-Jul | 961,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| IVZO |
| 37,500 | will be |
|
|
|
|
|
|
|
|
|
| exercised at |
|
|
|
|
|
|
|
|
|
|
| 0.350 |
| 26-Jul | 13,125 |
|
|
|
|
|
|
|
|
|
| then becomes |
|
SOI will rise to |
| 998,500 |
| 0.976 |
|
| $974,125 |
| 2.44% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Col.A) | B) |
| C) | D) | E) |
| F) | G) |
| H) |
|
|
|
|
|
|
|
|
|
| DILUTION |
B) IFCompany DOES make such OPTIONS Issue - per choice b) of my Post #67375088 - |
| ONLY |
=2 NEW Oppies for 1 IVZO. When issue is closed IVZO are then cancelled. |
|
| when ALL |
|
|
|
|
|
|
|
|
|
| OPTS are |
SCENARIO |
|
| S O I (Million) | but if SP |
|
| TILL | MKT CAP ($m) | Exercised |
5) | IVZ |
| 961,000 | STAYS AT | 0.120 |
| 26/07/23 | 115,320 |
|
|
|
|
|
|
|
|
| by, say |
|
|
|
| NEW Oppies | 75,000 | bought at | 0.015 |
| 26/06/23 | 1,125 |
|
|
|
|
| will NOT be exercised for | 0.200 |
| 26/07/23 |
|
|
|
then expect SOI to stay at | 961,000 |
| 0.121 |
|
| 116,445 |
| NIL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BY |
|
|
|
6) | IVZ |
| 961,000 | RISES TO | 0.400 |
| 26-Jul | 384,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| NEW Oppies | 75,000 | bought at | 0.015 |
| by, say |
|
|
|
|
|
|
|
|
|
| 26/06/23 | 1,125 |
|
|
|
|
|
| will be exercised at | 0.200 |
| 26/06/26 | 15,000 |
|
|
|
|
|
|
|
|
|
| then becomes |
|
SOI will rise to |
| 1,036,000 |
| 0.387 |
|
| $400,525 |
| 3.35% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BY |
|
|
|
7) | IVZ |
| 961,000 | RISES TO | 0.700 |
| 26-Jul | 672,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| NEW Oppies | 75,000 | bought at | 0.015 |
| by, say |
|
|
|
|
|
|
|
|
|
| 26/06/23 | 1,125 |
|
|
|
|
|
| will be exercised at | 0.200 |
| 26/06/26 | 15,000 |
|
|
|
|
|
|
|
|
|
| then becomes |
|
SOI will rise to |
| 1,036,000 |
| 0.665 |
|
| $688,825 |
| 5.02% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BY |
|
|
|
8) | IVZ |
| 961,000 | RISES TO | 1.000 |
| 26-Jul | 961,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| NEW Oppies | 75,000 | bought at | 0.015 |
| by, say |
|
|
|
|
|
|
|
|
|
| 26/06/23 | 1,125 |
|
|
|
|
|
| will be exercised at | 0.200 |
| 26/06/26 | 15,000 |
|
|
|
|
|
|
|
|
|
| then becomes |
|
SOI will rise to |
| 1,036,000 |
| 0.943 |
|
| $977,125 |
| 5.68% |
