Today's 3B, is for the issurance of 6.5m shares from options conversion.
- 2.7m options (AVZO) @3c & 3.8m option @10c
The 2.7m AVZO, is currently trading at 23c, so effective cost is 26c, slightly lower than current price 28c;
The 3.8m options with strike price of 10c, if sold, can realise profit of $684k.
Cheers.
Running Commentary on the SP Movements., page-4268
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