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

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patawalonga

2,337 Posts.

270

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 0.000(0.00%)		Mkt cap ! $19.66M

Open	High	Low	Value	Volume
1.6¢	1.7¢	1.6¢	$31.70K	1.956M

Buyers (Bids)

No.	Vol.	Price($)
2	299999	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	225583	3

View Market Depth

No.	Vol.	Price($)
2	299999	0.016
14	2451999	0.015
7	2165510	0.014
7	3274277	0.013
5	2441750	0.012

Price($)	Vol.	No.
0.017	57719	2
0.018	720000	3
0.019	1520000	5
0.020	1104579	4
0.021	1804688	8

Last trade - 16.10pm 10/10/2024 (20 minute delay)

UNT (ASX) Chart

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