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Whate Really is goig ON, page-384

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82Punter

3,512 Posts.

1321

02/07/19

12:26

Post #: 39333005
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Originally posted by fooca: ↑

Yes I noted your reply to the "Options" but have rectified and apologised for the mistake.

I am not sure why you think that it could be discretionary with the ruling, it is clear that WFE do not meet ALL the conditions (as mentioned in previous post) to be eligible to apply for relief.
Read section 8.8 the 20 cent rule:
https://www.asx.com.au/documents/rules/gn12_changes_to_activities.pdf

An entity that does not meet the conditions above will not be granted relief from the 20 cent rule.@82Punter Not quite what I meant, I said if exercised they can't be traded UNTIL if / when WFE relist.
The only options not converted are all owned by 62 Capital (25M @$0.003 or 25M @$0.03 (depending on what botched announcement you read) but a further look into the reporting of WFE and it is getting worse, some 3B's state they exercise @$0.003 and other 3B's say @$0.03)
These options can only vest if the Company's 5 day VWAP exceeds $0.04c, that rules out any chance of these being exercised to bypass the Chapter 1, Section 1.1, Condition 12 - re: If the entity has options on issue the exercise price foreach underlying security must be at least 20 cents in cash.

cheers

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Thanks Fooca

That clears it up!

WFE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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