Awww shiiiiit (literally)copy and paste that link
I’ve had to put Rob on ignore. He launches into a ridiculous amount of the SAME DATA to push the narrative. I agree with the thrust of what he posts but seeing the same stuff over and over does not add to the stock price or make for healthy debate.Awww shiiiiit (literally)
The guy Roblun on HC I was referring too. He made a post about comparing other companies hitting it up in the US. Probably off the back of the recent MTM announcement. Guy does some solid research, must have some experience in the field i bet.
Announcements will tell you they are Renouncable Rights attached to your shares. Tradeable, but I’m only just reading up on the conditions now. They are separate to the options..
That’s how I read it. I’ve never had this happen before.
I think you can just let them lapse???
Cheers Wino, pretty much confirms my interpretation of all the jargon.I think you can just let them lapse???
There would be no benefit in that for you but if you can't be fucked doing anything it's a choice you can make
I think any Rights not taken up/lapsed will become available for other shareholders to take up more than there 1:15 allocation if they wish to
If every current shareholder takes up the allocated 1:15 offer your effective overall shareholding in the company will not be diluted (ie you will still hold the same percentage of the company compared to other shareholders as you did before the renouncable rights offer)
If you sell your rights (or let them lapse) other shareholders can/might pick them up and your position in the company overall will be slightly diluted (it's probably not a big issue but it is a technical point associated with the offer)
My rights are not showing up on Commsec yet...
I'm expecting to see a bit over 91,000 being available
IF I participate it costs me 91,000 x 0.016 = $1,456 (not huge dollars)
If I do that I will also pick up 91,000 options exercisable at 0.025 expiring 30 September 2028.
IXR is looking to apply to have those options listed and if so some time before 28 September 2028 I can sell the options (and take some cash) or if they are in the money I may choose to convert them to an additional 91,000 shares at 0.025 = $2,275
If the shares are trading at say 0.08 at the point that I convert my options I imediately make a paper profit of 91,000 x (0.08-0.025) = $5,005
None of it is big dollars so it really depends on the appetite for IXR
I reckon I'll probably take up the offer (it's not going to cost me much) pick up the free attached options and hopefully by 30 September 2028 IXR comes good and I can make a bit of extra coin exercising or selling my options
Don’t throw away free money.I think you can just let them lapse???
There would be no benefit in that for you but if you can't be fucked doing anything it's a choice you can make
I think any Rights not taken up/lapsed will become available for other shareholders to take up more than there 1:15 allocation if they wish to
If every current shareholder takes up the allocated 1:15 offer your effective overall shareholding in the company will not be diluted (ie you will still hold the same percentage of the company compared to other shareholders as you did before the renouncable rights offer)
If you sell your rights (or let them lapse) other shareholders can/might pick them up and your position in the company overall will be slightly diluted (it's probably not a big issue but it is a technical point associated with the offer)
My rights are not showing up on Commsec yet...
I'm expecting to see a bit over 91,000 being available
IF I participate it costs me 91,000 x 0.016 = $1,456 (not huge dollars)
If I do that I will also pick up 91,000 options exercisable at 0.025 expiring 30 September 2028.
IXR is looking to apply to have those options listed and if so some time before 28 September 2028 I can sell the options (and take some cash) or if they are in the money I may choose to convert them to an additional 91,000 shares at 0.025 = $2,275
If the shares are trading at say 0.08 at the point that I convert my options I imediately make a paper profit of 91,000 x (0.08-0.025) = $5,005
None of it is big dollars so it really depends on the appetite for IXR
I reckon I'll probably take up the offer (it's not going to cost me much) pick up the free attached options and hopefully by 30 September 2028 IXR comes good and I can make a bit of extra coin exercising or selling my options
Buy the rights to get 1/15 available toCheers Wino, pretty much confirms my interpretation of all the jargon.
I'm still not sure why anybody would buy the renouncable rights when the share price is the same price as the raise and probably set to drop knowing ixrsole. It's the prospect of more options that might appeal to them?
I'll probably take up the shares as well, can't get much worse anyway.
