Curious one,
Yes you're correct. It's in the best interests of the company to keep the share pirce above $.10 so that they get a cash injection of 36 million.
Question - What can the directors do to send the share price higher
Answer - Make positive announcements
Unfortunately company directors don't have much of a direct hand in the share price, rarely do they purchase shares from the market, they inform the market and investors are the ones who the determine the share price.
The amount of options on issue representing one third of the toatal amount of shares on issue is just too large and has to go some where.
It wouldn't surprise me if the company makes a lot of positive announcements over the coming weeks to try and keep the share price above $.10
Curious one,Yes you're correct. It's in the best interests of...
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