i'm thinking about it.... haven't been to the "old melbourne" for a while .
trying to decide which way i'll be voting on resolutions10 11 12 13 14
with the closing prices of 3.3 3.3 3.5 3.3 and monday most likely 3.3.... a 20% premium would make them a 4c option and the class B options would be 4.1c..
so there would be effectively 25m class A incentive options and 10m classA performance options at.4c and also 25m class B incentive options at 4.1c ...if converted they would raise $2.43m ......the strike price is a bit low for my liking.
NSL Price at posting:
16.5¢ Sentiment: ST Buy Disclosure: Held