ROB 0.00% 0.4¢ robe australia limited

re: Ann: Name change, post consolidation capi... This is my...

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  1. 1,616 Posts.
    re: Ann: Name change, post consolidation capi... This is my situation with options and how option holders have been effected.

    I held 400,000 ROBO at 1c = $4000

    They were trading at .3c before cap raising/consolidation
    ie 400,000 at 0.2c = $800 or 80% loss

    I now have 10,000 MRFO. To get my investment back I will need to sell options at 40c.

    If ROB heads were trading at 0.4-0.5c and capital raising was at 20c you would anticipate upon lisfting of suspension then 20c would be around the market.

    Therefore, 80% loss on 40c would be 8c re-listing. Going to be tough to get from 8c to 40c, rather than .2c to 1c

 
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