It appears every option exercised requires the issue of one new share at 9c and that requires a significant administrative burden on Lynas including the issuance of an ASX statement notifying of the adjustment to shares on issue.
Me sees a way aggrieved Lynas shareholders are going to exercise one option at a time out of the money to bury it with compliance costs. Hope they thought this through a bit better than the rest of their operation. It never ends the way this company finds new ways to bleed money!
Options Loophole to send Lynas Broke
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Last
$6.11 |
Change
-0.045(0.73%) |
Mkt cap ! $5.757B | |||
| Open | High | Low | Value | Volume |
| $6.21 | $6.22 | $6.07 | $3.776M | 614.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 27153 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.11 | 4355 | 17 |
View Market Depth
| Last trade - 12.51pm 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |