OEX 20.0% 0.6¢ oilex ltd

I was actually joking about the 87c purchase by magna to stay...

  1. 1,065 Posts.
    lightbulb Created with Sketch. 32
    I was actually joking about the 87c purchase by magna to stay under the radar....anyway i have a ? because i'm curious...if magna was to buy millions of options to the point that they owned the bulk of them...wouldn't it be of a huge advantage for them to be doing it now (as in trying to accumulate without being obvious as not to create a buying frenzy)....if they were intending on making a takeover offer down the track a bit...for example..if the offer was say 30c per share...i would of thought they would have to pay out all option holders the difference between the share price and the 15c to convert options....so if that were the case they could be paying 3 to 5 c now....and as they would be the new owner of the company they would just cancel all options anyway i would assume ....e.g. they own 50 million options at time of takeover offer ( if there was one)...that's 50 million they don't pay out the difference for...unless of course they were just buying the cambay field...and oex continued on as oex...if that was the case...magna buying options would be pointless....hope that all makes sense...i think iv'e even confused myself
 
watchlist Created with Sketch. Add OEX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.