I had 75k shares at 6th Oct. Sold down most during last moment of excitement on Friday. I put my $15k in and expect to get the same as anyone that puts $15 in. If you put $10k in I expect you to get 2/3rds of what I get. I have 150k options which I will probably be exercising.
I've never been a fan of the SPP where all holders are treated "equally". I'm a strong believer in the rights issue of say 1 for 4 etc to better reward on merit. Better still I'd like companies to raise money using options only.
In this case example
issue 100,000,000 options at say 10c expiring 11/2016 , exercise at 20c
or
50,000,000 at 5c 11/2018 @ 40c
&
50,000,000 at 15c 11/2016 @20c
Both raise the same money in the short run and if the company is as successful as many believe it to be will bring in money later.
POK Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
