CGP 6.78% 6.3¢ consegna group limited

martin rogers - lighting another flame?, page-22

  1. 4,966 Posts.
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    could cost more in April aventurine, maybe less before meeting?

    would be more tempted for hold if options were 1 for 1 - can't argue with TH recent record though, maybe onto another big mover with Mr Rogers

    what do you think about wording of options?

    Each Option is exercisable at an exercise price equal to the greater of $0.012 and 140% of the VWAP of Shares calculated
    over the last 5 days on which sales of Shares are recorded immediately prior to the date of grant of the Option

    if sp moves higher in lead up to meeting, does that mean option exercise price increases? i doubt Mr Rogers & co want that to happen - may get cheaper pick up in a week or two?

    as you say, LP have damaged the share price already, are there gonna be future conversions? they generally pump then drop the sp as low as possible for subsequent vwap calculation - remains to be seen if they'll hold for options, i doubt it on past experience

    good luck with it


 
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