POK 0.00% 20.0¢ potash minerals limited

I had 75k shares at 6th Oct. Sold down most during last moment...

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  1. 1,489 Posts.
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    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.
 
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Currently unlisted public company.

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