For anyone interested in calculating the notional profit that...

For anyone interested in calculating the notional profit that could be made from the bonus options and the piggies, if they were both exercised and sold at the current share price, this is the formula

P = N (S – 1.125)/5

Where;

P = Profit

N = no. shares held prior to issue of bonus options & piggies

S = current share price

Assumptions

1. Options and piggies have been exercised into new shares at $0.75 & $1.25 respectively.

2. Newly minted shares are sold at current share price (S)

3. Does not include Profit (Loss) on original holding (N) as will be different for everyone as average purchase price will be different

4. Excludes brokerage & CGT

For example,

- for every 10,000 shares (N) held prior to exercise,

- and the current share price (S) is $1.60

- Profit (P) would be $950