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1.6¢ unith ltd

September 30th less than 50 days awayWill need a miracle for...

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patawalonga

2,378 Posts.

278

12/08/24

12:12

Post #: 75167614
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Originally posted by gassed: ↑

"Turned out they didn't even need to offer an attached option as it was totally over subscribed anyway". That's sad cynicism, that they NEEDED to offer, and that conclusion makes it look contradictory. Maybe, just maybe, management WANTED to reward and thank those who bailed them out for taking up the offer and giving them an opportunity to make better gains by being assured of being able to get a discount for a share where the SP had exceeded the exercise price, which, IMO, IS what management expects?? No, that's too simple.
If they wanted to use them as a "carrot" or a "ploy", then why make them non-renounceable?? This way they have nowhere to sell them to make them a "carrot". To get ANY benefit from them, they HAVE to exercise them.
Now, instead of it being a "carrot" or a "ploy", it's a VERY smart decision by management to try to lock them into having to be exercised, win/win.

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September 30th less than 50 days away
Will need a miracle for these to be exercised IMO
At least most of us would not hold many but that's not the point
I'll have more to say come late September if share price does not mover over the 2.5s
And it won't be anything nice either

UNT Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.6¢		Change 0.003(23.1%)		Mkt cap ! $18.43M

Open	High	Low	Value	Volume
1.3¢	1.6¢	1.3¢	$167.0K	11.55M

Buyers (Bids)

No.	Vol.	Price($)
3	340833	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	927667	9

View Market Depth

No.	Vol.	Price($)
2	333333	0.015
9	7163994	0.014
12	3686325	0.013
12	2604470	0.012
5	1520000	0.011

Price($)	Vol.	No.
0.016	927667	9
0.017	766142	4
0.018	1108178	3
0.019	200000	1
0.020	660000	2

Last trade - 14.24pm 14/11/2024 (20 minute delay)

UNT (ASX) Chart