If Buddy can get the POK SP to run up to 20cents+ before 30 November 2015 then they could get 48,220,948 Options converted at $0.20 to produce $9,644,189........
I have some of these free options to convert and would be keen to do so if the market was supporting Buddy/POK at a higher level than $0.20 prior to 30 Nov....
So why plan to dilute by issuing 150 million shares @ $0.05 ??...
I assume that this is a contingency plan??...
By registering it with ASX at the outset it gives Buddy an additional safety net.....
the flexibility to issue 150 million shares in the first twelve months - possibly at any price? - not neccessarily @ $0.05 ???......
without first having to revert to ASX for further permissions ??.
Is that possible and does that make sense to any professional traders/ brokers (or Dave !!!.) out there ??.....
Hope so as I would like to avoid the effective dilution that would take place at $0.05 !!....
GL - Oilf.
POK Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
