-Shareholder vote required -the price of the options for the last 12m only reached 1.5c max, and spent most of its time under 1c, around 0.6c - potential dilution to raise the 20 million required. 20c strike and only 12m extension.
I dont understand, why they dont just make them either 10c strike, or two year term on expirey, so that old holders have a good chance of them being in the money.
Also, to be listed they need 50 individual holders. I spoke with relevant person, who informed me that the last time the options were issued, there were abouts of 200 individuals, and at present there is only 65.
So there has been a large decrease, which may risk them listing in the event that take up is under 50 persons.
AKA Price at posting:
10.5¢ Sentiment: Hold Disclosure: Not Held
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