"If you think the options are soon to be out of the money you think the piggyback options are worthless. If you think this you know nothing about how options are valued."
I think it is safe to assume that many existing shareholders would be unfamiliar how to appropriately value options.
Given they are not tradeable, those that do know, may not be able to moneytise the value.
"If you think the options are soon to be out of the money you...
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 (20min delay)
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Last
$1.79 |
Change
0.035(2.00%) |
Mkt cap ! $302.7M | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.79 | $1.70 | $916.8K | 527.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 9427 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.75 |
Change
0.035 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| $1.76 | $1.77 | $1.70 | 30396 | ||
| Last updated 15.57pm 07/06/2024 ? | |||||
| RAC (ASX) Chart |