OEX 20.0% 0.6¢ oilex ltd

Ann: Expiry of Listed Options, page-4

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  1. 1,815 Posts.
    Yes we are all in the same boat here losing tens of thousands of dollars but we all know the high risk play these options were. On the flip side the market might see it as a positive with the reduced dilution compared to if all those options were all converted. OEX share price 3.5 cents now which is looking oversold now since they haven't done anything yet. I wonder what Zeta makes of all this after paying 4.1 cents as they don't seem to be getting a good return at the moment. I guess we have to wait until the sophisticated money makes their move.
 
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