Hi all I am trying to understand Newmarkets decision not to exercise their 25M unlisted options and determine is that a good or bad sign of things to come.
Fact: 25M unlisted options were issued to Newmarket (JD issued 8.33M) in January 2015 as partial consideration for the provision of a working capital loan facility. These unlisted options were not exercised and all issued options automatically lapsed on 31Dec18.
Does that mean Newmarket and JD gave up the right to buy (25M shares at .07cent = $1.75M), if that is the case then they believe the stock is overvalued or not worth investing in?
To confuse the matter even more the 2018 Yearly report indicated that these options were revalued to a fair price of $0 zero cents on the 30Jun18, so based on above now could of bought 25M shares at $0cents=$0.00) and still let them expire?
What am I not understanding?
Ann: Expiry of Newmarket Options, page-3
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Last
19.5¢ |
Change
-0.030(13.3%) |
Mkt cap ! $16.13M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 19.5¢ | $16.94K | 81.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74764 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 15000 | 1 |
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| Last trade - 14.05pm 06/11/2024 (20 minute delay) ? |
| QHL (ASX) Chart |
