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understanding the placement offer. help, page-4

  1. 1,004 Posts.
    gday v tricky

    the full whack of shares are to be issued with attaching options 2012 @ 6c strike.
    any option holder (09 @ 3c) had the right to convert early, it is my belief that not many would have taken up this offer ,those that were converted came of the 269m issue with the balance being placed.

    there were only about 160m 09 options on issue (i think).

    add the 269m fpo to whatever figure it was that u had on issue prior to placement
    new class of 2012 6c options will trade along side their shorter dated cousins with a seperate code and price

    hope that helps. it is hot and am hungover, lol
    boom is the sound in my head atm
    cheers

    BT
 
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