mrs peel you are entirely correct in that regard- as option holders we do not have the voting power if such activity were to be brought to shareholders-
but assume someone had put down $20,000 to obtain ctpo options at $0.07- therefore approx 285 715 options
option holder would require 285 715*$0.16= $45 715 to convert the options to shares from my understanding-
now assume that prior to march 2014 a takeover is imminent-
ie 2012 for arguments sake
if the option holder does not have $45 715 to convert them to shares for arguments sake, would the company wishing to take us over be obliged to pay us a premium for our options?? or would option holder have to sell their options at market?
sorry if i lost anyone especially you grangeh-
all in all- if i lost anyone apologies in adavance- rest assured though that Central Petroleum is starting to get noticed- latest Hot Copper September Stock Tips Top 5
Rank Symbol Number of Tips
1. BUY 113
2. FAR 94
3. CTP 83
4. PEN 83
5. MEO 64
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Last
4.8¢ |
Change
-0.004(7.69%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.8¢ | $22.36K | 454.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 96150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 0.049 |
3 | 1201484 | 0.048 |
1 | 100000 | 0.046 |
2 | 280000 | 0.045 |
2 | 28222 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 96150 | 1 |
0.055 | 11000 | 1 |
0.057 | 45000 | 1 |
0.059 | 25000 | 1 |
0.060 | 210909 | 3 |
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