that doesn't mean you me and the rest of us pathetic ordinary scumbag shareholders.
That means all the unlisted options that management hold that they gave themselves for nil consideration that now have real value, even the out of the money ones at $1.75
There will be no rights issue and no options for us humble plebs. whatever gave you the idea that this clause was included to provide some financial benefit to us leeches?
If that shocks you wait till the redundancy packages come out.
BHP will be satisfied if their is $1.30 left in the till when they take final control. And last quarterly there was $9M in the till so they got a bit left to go through.
UMC Price at posting:
$1.27 Sentiment: None Disclosure: Held
