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Ann: Revised Notice of General Meeting/Proxy Form, page-9

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R08

2,702 Posts.

151

23/02/19

11:30

Post #: 37540924
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Originally posted by Compounding: ↑

Basically the $10k replaces the existing held options which 'yes' does cost extra for the 'loyal' holder, however the holder now executes or converts their 10 million options to FPO's for half the cost so the conversion is 10 Mil x 0.02c = $200,000. This puts another $200k profit in the holders hand if the trading price of the FPO is say much higher as far as I see so while they have stumped up extra and yes the company makes more capital from the process the holders have a lower strike price option series which effectively means all holders keep much more in their pocket to convert to the FPO series.

I don't see in this case how a large stake holder can complain as the small extra renewal cost is 1/10th of the saved conversion capital if and when the options are well 'in the money', which by 2021 all can only hope is the case.

Please corect me if I am wrong.

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I understand the conversion and benefits of doing so if the price at the time of the SP is far higher than the 2c strike price (or 2.1c cost point).

You have however, answered my question in that the holder has to pay more funds in order to retain their initial holding otherwise their options lapse worthless.

TV2 Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
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