This would make much more sense. HMC will raise 25% of what they initially intended but if they get their act together they will have a chance to get the options exercised.
They also can do a spp down the track to raise more funds.
Also, by making it 1 option for every two shares held will ease the dilution problem.
By issuing the options at 0.5 cents each at a 4c strike also adds value to shareholders immediately instead of down the track.
This would make much more sense. HMC will raise 25% of what they...
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Last
$7.23 |
Change
-0.020(0.28%) |
Mkt cap ! $2.725B | |||
| Open | High | Low | Value | Volume |
| $7.35 | $7.37 | $7.21 | $2.461M | 339.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 514 | $7.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.23 | 1969 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| HMC (ASX) Chart |