Why on earth would they spend 23c instead of 8c for a share on market? Hell, why would you convert prior to expiry (or your plan to sell the stock) even if the SP was 50c?
Sounds a bit like a dum dum move to me.
FWIW they had advice that SP was likely to run to >50c on declaration of a discovery and didn't convert (probably because it's a particularly dumb thing to do).
IVZ Share Price, page-22350
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $104.6M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.0¢ | 6.9¢ | $64.32K | 927.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 336596 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 105714 | 2 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |